Southeast

Team officials said the ballpark is projected to cost $809 million with additional infrastructure costs of $83 million. The new ballpark they said could be complete in time for the first pitch on Opening Day 2023.

The property has modest near-term rollover, and several of the tenants with expiring leases are currently negotiating renewals.

The 337,892-square-foot property consists of 16 three-story buildings. Waypoint Residential recently upgraded all unit interiors, which resulted in a notable rent increase and therefore now presents a strong value-add opportunity for the new ownership, according to Cushman & Wakefield.

The New York-based firm is financing the property through Freddie Mac, whose debt was secured by HFF.

LaSalle informed regulators that Pebblebrook bought its stock after it was provided with material nonpublic information.

Its first fund for this asset class also exceeded $1 billion when it closed in 2013.