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The companies value the US multifamily sector at more than $3 trillion and say that it has delivered higher and less volatile returns than most major US real estate sectors during the past 25 years.
APARTMENTSTech will focus on multifamily landlords that are using emerging tech in VR/AR, data and analytics, IOT/Smart Homes, and deal management platforms.
On its Mercado del Barrio in San Diego's Barrio Logan, developer Shea Properties has worked with the community to preserve the local culture of the neighborhood.
TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA), will retain the remaining 50.1% interest in 501 Boylston St., which totals 610,000 square feet of office and retail space.