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The firm completed $600 million in construction loans nationwide, a total of 26 deals, and more than half of the volume occurred in the fourth quarter.
The vaccine distribution, low interest rates and pent-up consumer demand all create a compelling reason to expect rapid recovery for shopping centers this year.
An affiliate of the Green Cities Co. purchased the 295-unit property as a stable investment opportunity given its proven track record and potential value-add opportunities, says a source involved in the deal.