ATLANTA—“Value-add borrowers can end up breathing a deep sigh of relief knowing they didn't pay to lock in a fixed-rate loan at a spread of 100 basis points or more.”

ORLANDO—Savvy investors are leaving primary markets and picking up anywhere from 50 to 75 basis points by going to secondary or tertiary locations.

SAN FRANCISCO—The property is filled with glass-enclosed classrooms that maximize light, openness and collaboration, using skylights and light wells in three levels, with the main floor at more than 18 feet tall.

A roundup of recent middle-market activity in the Keystone State.