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Despite broad gains in the real estate capital markets, higher interest rates hit retail net lease. The good news is that falling rates have raised its outlook.
The initial portfolio will comprise 38 hotels consisting of 27 Hyatt Place properties and 11 Hyatt House hotels located in the US, with a total of 4,950 rooms and an appraised value of about $720 million.
“Value-add multifamily is still in high demand,” says Marcus & Millichap's Clarke Talone. “Buyers are willing to accept low current returns for an opportunity to improve a property and generate higher rents.”
Those who are heading to retirement should rethink their timing and make sure you have a game plan to stay healthy and socially stimulated to avoid the golden years turning rusty.
Since 2015, approximately 475,000 square feet has been renovated or added to the hospital. Including the new project, the hospital's capital investment will total approximately $422 million once the new outpatient center is completed in 2021.