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The portfolio that changed hands included seven properties in Alabama; five properties in Pensacola, FL; three properties across Tennessee and one 200-unit property in Pascagoula, MS; one 203-unit property in Winston-Salem, NC and one 223-unit property in Houston.
Last week, FCP announced the $29.5-million acquisition of the Chroma Park, a 210-unit garden-style apartment community located at 2105 Mesa Valley Way in the Atlanta suburb of Austell, GA.
After Amazon's New York City HQ2 became the biggest recent story that wasn't, NYU Schack Institute's Dean Sam Chandan provides advice for relationships where “It's Complicated.”
“The presence of a high-volume grocer, exceptional demographics and a visible location—in the retail heart of a busy Northeast Philadelphia neighborhood—makes Morrell Plaza an attractive place to conduct business,” says Levin Management's Sidney Singer.
Onsite amenities include a state-of-the-art fitness center with all-new training equipment and a private yoga studio, adjacent to new locker facilities.