News

The REIT has a two-phase plan to sell assets in Greensboro, NC and Memphis.

The 96-unit development at 881 Meadowbrook Lane was built in 1987 and is situated on 4.25 acres. The complex features 96 one-bedroom units in two-story row apartments.

The first phase is for a 14-acre portion that received initial regulatory approval for 900,000 square feet of new development from the Boston Planning and Development Agency in March 2018.

The closed-end fund has exceeded its original target.

The complex is currently 94% leased to tenants that include NJ Default Group, LLC, Terminix International Co., The McSweeney Agency and Starlight Homecare Agency.

The US Senate on Thursday passed a spending bill that will provide a total of $86.2 billion to the U.S. Department of Transportation, which will help fund a number of key transportation priorities for New Jersey.

Domio, a New York-based technology-powered apartment-hotel brand, has closed a $100 million Series B funding round of equity and debt investments.

$240 million in acquisition financing was obtained for the Bank of America Tower, a 35-story class-A office asset on behalf of a joint venture of Beacon Capital Partners, Skanska USA and an institutional investor.