Capital Markets

Stribling, which was founded in 1980 by chairman and founder Elizabeth F. Stribling, operates three locations in Manhattan and one in Brooklyn.

In the aggregate, the four buildings are 87.7% leased and were acquired at an average capitalization rate of 5.3%. The properties expand Healthcare Realty's presence in three of its top markets and extend its relationships with three market leading, investment-grade health systems.

Barings and Bank OZK provided $100 million for the office building project. The equity was provided by MBR, LLC, an affiliate of The Allen Morris Company and ICM Asset Management, Inc. of Calgary. Holliday Fenoglio Fowler, L.P. arranged the transaction.

The financing deal was announced by Holliday Fenoglio Fowler, L.P., which arranged a fixed-rate loan for the development of the Home2 Suites Sarasota and a floating-rate loan for the development of the Home2 Suites Largo.

The acquired properties total 813 units including independent living, assisted living and memory care in Michigan, Pennsylvania (pictured) and Virginia.

Apartment complex Ridge at Wheatlands in Aurora trades hands for a record-breaking price-per-unit.

Like other asset classes, hotels need to transform into experiential lifestyle spaces to stay competitive with the wide range of lodging options available today.

“With recent updates to the building and tenants already in place, 2605 Clearbrook provided the flexibility and stability sought in the marketplace,” says Kelly Joyce, a vice president at Colliers Chicago.