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The deal for the Plantation at Walden Lake community is a value-add play for the new owner—Bridge Investment Group, according to Cushman & Wakefield, which represented the seller in the transaction.
Parc Air 59 will provide class-A last-mile industrial product to the underserved residential growth along the 59 corridor in Humble, which offers a competitive tax advantage over surrounding municipalities.
There's more than enough capital for good real estate deals, but investors and lenders aren't stretching beyond their limits just to get the money out.