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The expansion to the Southeast is seventh market in the company's national multifamily investment sales expansion, which started in April 2018. In July, 2019 NorthMarq announced its expansion into the Kansas City market.
SunTrust originated a $48.49-million 10-year term loan with nine-years interest only followed by a 30-year amortization schedule for The Preserve at Henderson Beach, a 340-unit multifamily property located at 4131 Commons Drive West in Destin, FL.
In our pre-event coverage of GlobeSt.com's ADAPT awards, we took a closer look at adaptive reuse projects across the country. The winner of the best economic revitalization of a neglected building goes to Interface Headquarters.
"We are excited to announce our second QOZ fund, also specifically investing in MHCs located within Opportunity Zones. Our second QOF (Qualified Opportunity Fund) is a $15-million equity raise and is about 70% subscribed,” Hales says.
The firm’s subsidiary Bridge Office Fund Manager has purchased the Offices at Flagler Station, a three-building complex totaling 387,474 square feet along Florida’s Turnpike, and the Offices at Doral Square, an eight-story, 141,205-square-foot building, in Doral.