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The new interest-only refinancing addresses Braemar's only 2019 debt maturity, has a two-year initial term with five one-year extension options and provides for a floating interest rate of LIBOR plus 2.16%.
As the third-highest cost on the balance sheet, real estate and facilities represent an opportunity for healthcare leaders to address financial challenges amid a tenuous regulatory environment.
During the past seven years, the office employment sector has grown by nearly 25%, which is best exemplified in the development pipeline as DFW struggles to keep up with this raging demand.
One of the downtown properties with several new leases is Republic Center, boasting occupancy well above the CBD average, and adjacent to public transportation and the soon-to-be Pacific Plaza Park.
HeyDay Entertainment, a family-owned active entertainment concept, will become an anchor at Gateway Village, a 94-acre mixed-use development in North Texas, as its first location in Texas.
Peloton evaluated four different US markets and found that the Dallas area offered the most attractive options and a CBRE survey revealed that Dallas was in the number two spot as favored by investors.
As a result of population growth created by the concentration of multiple corporate headquarters, PMRG acquired land for the development of a 215,000-square-foot 200-unit senior living community.
A new park-centric multi-use development called Monarch City was recently introduced by the Howard Hughes Corporation and zoning is expected to begin this year on the community.