Southeast

New York City-based ESG Kullen, which is active in the South Florida distressed and value-add multifamily investment markets, secured $33 million from Pembrook Capital Management LLC of New York City in connection with the deal.

One goal under the new policy will be for 50% of its incoming analysts to be women.

The agetch campus opens with a fully leased first phase, a 175,000-rentable-square-foot redevelopment at 5 Laboratory Drive in the Research Triangle.

“By completing these asset sales, we are strengthening the overall quality, reducing the average age, and improving the longer-term growth profile of the portfolio,” says Steven B. Tanger, CEO of Tanger Factory Outlet Centers.

The site will offer multifamily, hotel, and in-line restaurant and retail use, in addition to a marketplace and public park.

Housing Trust Group also made a key appointment for its Florida operations. The firm reports that executive vice president Max Cruz has been named to lead all multifamily development activity in Florida.

The deal, which calculates out to $161,538 per unit marks Aegon RA's first multifamily purchase under its recently formed Workforce Housing Investment program.

Nelson Knight, EVP and chief investment officer of Apple Hospitality, says, “Through these attractively priced transactions, we adjusted our market exposure in ways that we feel will further enhance the strength and stability of our hospitality platform.”