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The nearly 93,000-square-foot Whole Foods anchored center was purchased in a joint-venture partnership where Regency owns a 20% interest.

The REIT hopes to increase its multifamily value-add properties.

The 266,303-square-foot portfolio was purchased on behalf of Sterling Organization's institutional fund, Sterling Value Add Partners III, LP for an undisclosed amount.

Fund III has diversified investments in more than 3,200 multi-family units and more than 2.2 million commercial square feet with locations across several states.

Hospital officials say the new tower will be a part of a planned $215-million campus expansion and modernization effort. Construction on the new patient tower is expected to begin in the first quarter of 2019.

Earlier this week, the company purchased O'Hare International Center in Rosemont, IL from Blackstone for $64 million.

In the fifth year of population growth, developers finalized 594,000 square feet of self-storage space during the first six months and an uptick in completions in the second half will push volume beyond 2 million square feet.

Technology is affecting everything from how apartment owners attract new residents and provide customer service to existing residents, but more often than not, it's amenities that convert to leases.