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The construction financing includes a $32.8 million senior loan provided by Ameris Bank and $5 million in preferred equity investment from RSE Capital Partners.
GlobeSt.com <b>EXCLUSIVELY</b> caught up with Chris Breeden of Seven Oaks Co. to discuss how virtual connectivity is changing how we interact with both tenants and asset owners and how to use these tools effectively in this two-part Q&A series.
"With its current occupancy rate of 98%, strong fundamentals, along with corporate and business expansion, we believe this acquisition is an excellent opportunity to increase our presence in Georgia, a target area for our firm,” says Albert Lord III, founder and CEO of Lexerd.
In the first deal, recently formed LBX Investments of Los Angeles has purchased Alfaya Commons, a 130,811-square-foot shopping center at 11792-11970 East Colonial Drive from Regency Centers in a deal valued at $19.8 million.