PREIT says it has recognized the growing demand in this segment and has strengthened its portfolio to include a variety of health-oriented concepts, most recently incorporating Onelife Fitness at the Valley Mall, Peloton at the Cherry Hill Mall and Edge Fitness opening this fall at the Plymouth Meeting Mall.

The properties acquired total a combined 317 units and increase the firm’s multifamily holdings in Chicago to 1,063 units and its total holdings in the Washington DC metro area to 1,169 units, according to John Williams, president and CIO at Avanath Capital Management.

REIT executive pay increased 6% year-over-year in 2018, while at the same time 33% of REIT CEOs received a pay reduction.

Northmarq SVP Ryan Whitaker with the firm’s Jacksonville office arranged the financing transaction for the borrower through its relationship with FHA/HUD. The permanent 223 (f) loan has a 35-year term and a 35-year amortization schedule.