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CrowdStreet Inc. launched a diversified investment fund through CrowdStreet Advisors LLC, which will focus on new development/redevelopment in small and mid-market US opportunity zone areas with growth potential.
Rittenhouse Realty is marketing the property as a development opportunity to build 208 apartments (147,070 square feet) above the garage, which will be master leased to Sonder Inc.
"Furthermore, we expect to be able to take advantage of our heavy lease expiration cadence over the next couple of years, to close underperforming stores or relocate stores to improve sales and profitability on a per-store basis," the shareholder letter states.
The proposal also calls for replacing the existing cap on the GSEs' annual multifamily acquisitions with a cap that is based on the multifamily guarantors' share of outstanding multifamily debt.
Janus joins Colliers from Caddis Healthcare Real Estate, where he served as managing director and was responsible for new business development and executive leadership of healthcare real estate projects throughout the Midwest.
"We have had Omaha in our sights for several months now. We are excited about the opportunity City View provides and plan to provide the best management possible," says Tzadik Management regional VP Tessa Frank.
The development, located about an hour north of Tampa, is fully leased. HTG completed the first phase of the development in 2017, consisting of 96 affordable apartments and broke ground on 94 additional apartments last year.
Rogers has more than 30 years real estate experience with a focus on the health care sector. Most recently, he worked with real estate investment firm Jackson Cross Partners in Wayne, PA.