The two buildings were fully leased by two tenants at the time of the purchase.

The units cost between $500,000 and $1 million.

The largest share of the apartments are going to LRE.

The refinancing frees up capital for the real estate firm.

The project will consist of 266 built-to-rent units.

NYC's luxury hospitality market lures in more than 63 million travelers each year.

High prices have forced some buyers to scale down expectations.

South Florida is 20 points ahead of the national average in office return rates.