SKB principal and acquisitions director Todd Gooding was unavailable for comment Friday afternoon on the purchase price and the occupancy rate of the so-called "Crane-Hymer" portfolio. In a press release, he described the deal as "an institutional, quality portfolio at an attractive initial yield." Dermody chief operating officer Aaron Paris described it as his company's "largest portfolio sale to date" and that SKB was one of "many suitable investors" interested in being the buyer.
Bill Palmer of CB Richard Ellis-Sacramento, CA assisted Dermody in finalizing the transaction.
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