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PHILADELPHIA-Jenkintown, PA-based American Financial Resource Group transformed into a REIT Sept. 10 in a private offering that raised $400 million. Its portfolio begins with a predecessor's 87 properties, primarily bank branches, and expects to add 250 more this month.
ATLANTA-Seven separate leases, valued at an estimated $8.22 million and ranging from 12,700 sf to 2,800 sf, are filling the 21-story, 560,000-sf, class-A building in Buckhead that was completed late last year by New York-based Trizec Properties Inc. Average rental rates range from $26.90 per sf to $28.12 per sf.
ATLANTA-The class C multifamily property on Campbellton Road was built in 1970 and was 94%-occupied at the time of the sale. It consists of a mix of two-bedroom apartments and two- and three-bedroom townhouses. Rental rates average about $675 a unit.
PHILADELPHIA-Multifamily properties in suburban Jenkintown and King of Prussia receive awards from the independent Apartment Association of Greater Philadelphia. Boston-based Metropolitan Properties of America owns both complexes.
PHILADELPHIA-The West Conshohocken, PA-based company appoints Donald Chase senior vice president of investments, covering Pennsylvania and the Midwest; John DiCola to senior vice president of investments for New Jersey, and promotes Jennifer Pancoast to senior vice president of marketing.
ATLANTA-The locally based investment group buys the 90,215-sf property in North X Northwest Office Park from Ridgefield, CT-based VitalWorks for $6.55 million. Built in 1983, the building is fully occupied, primarily by the previous owner's former affiliate, PracticeWorks.
ATLANTA-Roswell, GA-based Foundation Development paid M-J Properties of Atlanta $36,585 per acre (84 cents per sf) for the tract near Cascade and Fairburn Roads where Foundation plans at least 200 units.
ATLANTA-The Goodlettsville, TN-based discount chain that has leased more than 22 million sf, over the past five years, primarily in the Southeast, has run afoul of the SEC by overstating earnings by $100 million. CEO Cal Turner Jr. has resigned.
PHILADELPHIA-Cedar Income Fund pays $34.42 per sf for the 523,000-sf shopping center in Camp Hill, PA, 83% leased with an 89,000-sf vacant Montgomery Ward store. This is the Port Washington, NY-based REIT second Pennsylvania mall acquisition.
ATLANTA-The Raleigh, NC-based shopping center REIT will notify common stockholders Sept. 23, calling for a special meeting and vote on its proposed merger into a Prometheus/Kimco joint venture that is strongly opposed by preferred stockholders.
From Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource