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The venture between Starlight Investments, the Public Sector Pension Investment Board and the Alberta Investment Management Corp. has begun its acquisition program with a class A garden complex in Denver.
The national director of Institutional Property Advisors' multifamily platform talks the challenges and opportunities confronting investors in the sector.
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.