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Quality Care Properties has also entered into an agreement with ProMedica Health System for it to acquire HCR ManorCare when it completes its Chapter 11 bankruptcy.
In an EXCLUSIVE GlobeSt.com Q&A, the founder and COO of the investment platform StraightUp says he expects an uptick in Israeli interest in US real estate.
The private equity firm signed a 10-year lease for 13,460 square feet of space on the 16th floor of the 17-story building at 150 Second Ave. North in Downtown St. Petersburg.
At the Crittenden National Real Estate Conference yesterday, panelists fear rising construction costs, rent control for California and a supply constrained market, but say housing cycle could go much longer this go around.
The financing, which fully capitalizes the 59-unit project, was provided by New York City-based Madison Capital. Construction is underway, with the foundation nearly complete.