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Xenia also reported on Wednesday it had purchased The Ritz-Carlton Pentagon City, a 365-room luxury hotel in Arlington, VA for $105 million, or approximately $287,670 per key.
“This transaction brings 33 high quality assets to our seniors housing and medical office portfolios,” says David Selznick, CIO of Kayne Anderson Real Estate Advisors.
Now that some of the chaos has settled, the damage, the lender delinquency notices, the denial claims from insurance companies and the true financial costs to rebuild, repair and replace are coming to light.