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Wyndham Destinations, which did not announce a specific location for its corporate headquarters, says it will be making a $7.5-million capital investment in establishing its headquarters in Orlando.
There was also unsettling news for Florida and particularly the southern section of the state as the report puts the state of Florida at number one with the most susceptibility to storm surge flooding of the 19 states analyzed.
The Tampa-based multifamily owner and operator has acquired a total of three properties in the suburbs of Orlando and Atlanta, as well as an apartment complex in Charleston, SC. A
This is Electra's and American Landmark's third multifamily acquisition so far this year. In South Florida, they also own and operate Beach Walk at Sheridan in Dania Beach and Lago Paradiso in Miami.
The new interest-only refinancing addresses Braemar's only 2019 debt maturity, has a two-year initial term with five one-year extension options and provides for a floating interest rate of LIBOR plus 2.16%.
The Fort Worth, TX-based real estate investment firm purchased the garden-style property, along with an adjoining 6.5-acre parcel of land. No financial terms of the transaction were released.