Orlando

The financing package consisted of six new Freddie Mac Value Add Green Advantage loans, five loan assumptions from Fannie Mae and $40 million in equity over the entire portfolio.

The sale of the 293-unit complex was arranged between Epoch Residential and Nicol Investment Company.

The Cleveland-based privately-held real estate investment management firm, is the new owner of the 417,513-square-foot complex that is currently 87% leased to nine tenants with a weighted average lease term of five to seven years.

RealPage Market Analytics is a lease transaction-driven market research platform that reportedly provides 100% visibility into performance data that is critical to making investment decisions.

Tower CRE states that the launch of the new division was prompted by closing $50 million in cannabis-related retail and industrial transactions in the last 18 months with an additional $15 million in the pipeline that are expected to close by the end of this year.

The 106,739-square-foot newly constructed retail center is 100% leased and is occupied by a diverse mix of eCommerce-resistant tenants.