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Fed's decision to stall interest rate increases this year has allowed investors to secure accretive financing for net lease buys, according to NKF's newest net lease leader.
Inland vice chairman Joseph Cosenza is a fan of Opportunity Zones, despite some oddities in the format. Of course, he breaks it all down in this exclusive interview and takes a frank look at the good as well as the, let's say, odd.
The borrower, White Lodging, will use loan proceeds will be used to retire the existing construction loan, repatriate a portion of sponsor equity, and cover closing costs for Aloft and Element Austin Downtown.
A recent US Department of Commerce e-commerce report concluded that 90% of retail remains offline, in brick and motor stores, which is evidenced by four recently sold Texas retail centers totaling $90.8 million.
Texas continues to attract global capital and talented developers, and the timing of CPS Energy's assets coming to market aligns with city activity and the release of the guidelines for federal opportunity zones.