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At Harrison Street, Bashir will lead the expansion of the firm's strategies which focus on investments in student housing, build-to-rent and healthcare real estate.

The Emblem 120 project will be developed through Toll Brothers' rental apartment subsidiary Toll Brothers Apartment Living. The joint venture has secured a construction loan facility from Wells Fargo Bank, N.A.

The Temporary Restraining Order issued by Judge Beacham provides that Montclair cannot take any action to implement the rent control ordinance that was passed by the Township Council on April 5.

Applications will be accepted beginning on April 24 through May 1.

The venture has closed on its first land acquisition for the development of a proposed Class A, 429-unit apartment community in The Woodlands, Texas area

"Eventually, if we give them enough rope, they will be able to recapture some of that lost revenue and pay us back for the time we gave them," says Pebb Capital's Todd Rosenberg.

Failed CRE deals rose sixfold in March, according to Real Capital Analytics. Separately, an Institutional Property Advisors survey found that 64% of multifamily developers would only accept a discounted pre-sale price of less than 5% from their estimated valuation.

The six-asset portfolio traded well below replacement cost, says Transwestern's John Bell.