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The industries with the highest growth over the year in the Orlando area in March were professional and business services with 19,100 new jobs and leisure and hospitality with 10,100 new jobs.
The merger agreement includes a “go-shop” provision that allows the special committee of the board of directors of Carter Validus Mission Critical REIT to solicit and negotiate with other potential acquirers.
Having federal approval for cannabis in the U.S. will dramatically lower this risk, but until that time it is incredibly difficult to provide any actuarial backing to these pricing options, as the marketplace is now being created.
Follow a deal earlier this year involving the purchase of the Tropical Manor apartment complex, GlobeSt.com takes a closer look at Florida affordable housing and learns more on how the much-needed affordable units of this particular complex could have otherwise been converted to market-rate housing.
New York City-based ESG Kullen, which is active in the South Florida distressed and value-add multifamily investment markets, secured $33 million from Pembrook Capital Management LLC of New York City in connection with the deal.
The deal, which calculates out to $161,538 per unit marks Aegon RA's first multifamily purchase under its recently formed Workforce Housing Investment program.
Nelson Knight, EVP and chief investment officer of Apple Hospitality, says, “Through these attractively priced transactions, we adjusted our market exposure in ways that we feel will further enhance the strength and stability of our hospitality platform.”