News

The acquisition marks the company's fifth in the US in the past 12 months, with three sites under its belt in New York City, and a recent announcement that it had secured permits in Chicago for a 170,000-square-foot ground-up co-living project in The Chicago Loop.

The Miami firm has purchased 550 Biltmore, a 162,293-square-foot, Class A office building in Coral Gables. The deal calculated out to a purchase price of $336-a-square-foot, according to Cushman & Wakefield.

"Our city's revitalization won't mean much if those who struggle with homelessness aren't made a priority," says Detroit Mayor Mike Duggan.

The loans were originated by the firm's recently launched CrossHarbor Senior Debt Income Fund, which is based in Chicago. The fund partnered with National Life Group to provide Scannell Properties of Indianapolis with the construction financings.

Off Campus Partners enters into exclusive agreements with universities to provide an off-campus housing listing service.

The private equity giant has formed a joint venture with Corporate Office Properties Trust to acquire 7 properties.