Capital Markets

Villas on 26th's location is less than half of a mile from the University of Texas at Austin campus, at the epicenter of the West Campus student housing market, which made it attractive to a recent buyer.

Last year, opportunity zone funds totaled $5 billion and by the end of 2019, they'll likely hit $100 billion.

Franco, 50, who has been with Vornado since 2011, was one of a number of what Vornado chairman and CEO Steven Roth termed as “important and even generational” changes in its senior management in his annual letter to shareholders in the company's 8K filing with the SEC on Friday.

The agreements with JACK Entertainment LLC call for VICI Properties to acquire 100% of the membership interests of a subsidiary of JACK Cincinnati that owns the land and real estate assets of JACK Cincinnati for $558 million, and Hard Rock will acquire the operating assets of JACK Cincinnati for $187 million.

The fully-leased building is the closest privately-owned laboratory/office building to Harvard University and is situated within walking distance of the Massachusetts Institute of Technology.

The firm's newly launched Fund IV, is a value-add workforce housing fund that will focus on expanding Monument's presence within Sunbelt markets, as well as select areas of the US Midwest, where it already has a presence.

“This deal provided a cash-out refinance on a newly constructed multifamily property,” says Arbor's Jared Stein.

The investment firm is bullish on suburban office product, with plans to spend $250 million in the next 12 months.