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The New York City-based firm that specializes in corporate sale-leasebacks, built to suits and purchases of single-tenant net lease properties, reports today that it has made approximately $119 million in new acquisitions/investments.
With the recent purchases of Northpark VIII and Airpark West V along with the CLT Logistics development, the company's portfolio in the Charlotte metro area is now approaching 1 million square feet.
Xenia's predecessor Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc. acquired the 14-story Residence Inn by Marriott Denver City Center and adjoining 448-space parking garage for $80 million.in April 2013.
JBG Investment Fund IX, L.L.C. reports it has entered a 50/50 co-development partnership with Berwyn, PA-based LCOR for the Eckington Yards project located in Northeast Washington, DC.
The two firms sold the Solis Waverly, a 375-unit luxury multifamily property to Dallas-based Lan Properties/Lantower Residential for $84.4 million. They also traded the 194-unit Solis Ballantyne for $44.2 million to Continental Realty Corporation of Baltimore.
The James is a newly developed 236-unit apartment building located at 251 Admiral Cochrane Drive. The property was developed and constructed by JLB Partners in 2017.
The 1.64-million-square-foot portfolio was previously owned by First Potomac Realty Trust, which DSC founders and partners Douglas Donatelli and Nick Smith founded in 1997 and ran until 2015.
The benefits agreement for 10 National Medford LLC, whose managing member is Jeffrey Feil, assisted the $30-million purchase and leaseback of Intercounty's facilities at 10 National Blvd., which total 250,000 square feet and sit on almost 30 acres.