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Gebroe-Hammer Associates procured the buyer and represented the seller in the transaction.

The firm's capital markets team represented the borrower, Mirae Asset Global Investments, in securing the floating-rate loan for the fully-leased building.

National data shows apartment rents paid through both mid-May and mid-June hovering around the 90% mark.

Current chairman and CEO, Anthony E. Malkin will replace John B. Kessler as the company's president. The role of COO will remain vacant.

GMH Capital Partners LP and AEW Capital Management LP's 225-unit community in Malvern, PA is slated to open in 2021.

Four of the REIT's industrial rooftops have been selected to host solar projects as part of the NJ Community Solar Energy Pilot Program.

The 19,973-square-foot property, located within the Steeplechase 95 international business park, was sold by Atapco Properties.

"At 15.5%, Houston has one of the highest five-year growth rates in life sciences establishments in the United States," Hines Senior Managing Director John Mooz said.