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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.
MIAMI—With two prime examples in a recent portfolio acquisition, Marcus & Millichap's Kyle Baskin explains why manufactured home communities are seeing some traction with investors.
TAMPA, FL—M&M's James Medefind says the lack of inventory and sky high demand from buyers were primary causes that allowed his team to generate such aggressive pricing and quick timelines.