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The 894-bed Retreat at Orlando student housing complex was sold by a subsidiary of Inland Private Capital on behalf of one of its 1031 investment programs to Preferred Apartment Communities of Atlanta. PAC acquired the property through its wholly-owned subsidiary Preferred Campus Communities, LLC.
No surprise here, but the retail sector has issues. However, as Marcus & Millichap pointed out in its annual Retail Trends press conference at RECon, there are also opportunities to be found—if you know where to look and what to ask.