Bendetti took note of the appeal of creative office space and the demand for that type of work environment and saw an opportunity to use some of those elements in its industrial properties.
A joint venture of Blue Moon Capital Partners and Áegis Living affiliates purchased three class-A seniors housing properties totaling 253 units in suburban Seattle and Northern California free and clear of existing financing.
Strengthening market fundamentals drove fourth quarter absorption and historic class A asking rents, say the firm's Andrew Judd and Jason Price.
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