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Pebblebrook says the sale price includes the 140-room hotel and the 57,000 square foot fitness center which is fully leased to a third-party tenant until June 2019.
Cory Villaume, pictured, with Sean Doyle, Matt Hazleton, and AJ Prins, were named first vice presidents at CBRE's Capital Markets Group in Minneapolis, MN.
Going with that trend of a preference for multifamily, lenders and investors continue to follow suit as a result, including the HUD financing for Hunter's Cove Apartments.
While development has changed the market, expanding entertainment companies and a population of young professionals has been behind the growth in the market.
The portfolio consists of 36 skilled nursing facilities and two senior housing communities operated by Senior Care Centers, which just declared bankruptcy.