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TAMPA, FL—Franklin Street's Zach Ames is calling out a trend that will guide higher property values leading to a point in the real estate cycle where development has returned.
MIAMI—Foreclosed in August and vacant for years, a St. Pete REO multifamily is getting a second lease on life as the workouts from the economic bust continue.
MIAMI—Sean Williams, a former real estate director for one of the country's largest publicly traded multifamily REITs, will partner with CBRE Tampa to drive growth in the firm's multifamily business.
TAMPA, FL—Fountain Court Apartments, a 62-unit multifamily community in St. Petersburg, FL, has a new owner. The apartment complex sold for $3.1 million.
VIRGINIA BEACH, VA- The REIT finances at 6% or less, buys at a 9 cap rate and then delivers 12% or more to the trust on each acquisition, CEO Wheeler tells GlobeSt.com's Erika Morphy.
ATLANTA—The asset was gifted to a local university three years ago and subsequently rents were never raised and capital maintenance items were allowed to mount.
BOSTON-The acquisitions of Eon at Lindbergh in Atlanta and Pavilion Townplace in Dallas come a week after the multifamily REIT acquired One Seaport Square in its home town.
TAMPA, FL—Beyond Walgreens and Publix, Walgreens, a free-standing Applebee's, Dunkin Donuts and Anytime Fitness were in the portfolio. Get the details on the terms of the refis.