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The company is using its experience and lack of supply to its advantage.
Manhattan posted $3.2 billion in dollar volume for the third quarter.
But there was some encouraging trends.
It did not come without lodging industry, which claimed there would be financial impact.
The average cost per acre at IOS sites has shot up by 32 percent.
It was the largest West Coast multi-tenant office sale since 2022.
The apartments feature 204 units.
They are located across six Sunbelt states.
The fund is targeting $300 million total.
It comes with a caveat for developers though.