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A developer would require an abatement to remain, expand, locate or redevelop in Houston, especially if the project is in a declining part of the city and results in strengthening of the local job and economy.
The Walker & Dunlop team has now closed three new South Florida apartment development transactions for HG Management, totaling nearly $350 million in sales volume.
“Proven rent premiums for redeveloped units in this market make the community an excellent opportunity for a value-add addition to our portfolio,” says Wilkinson Corporation's George Waymire.
"We do believe there is considerable value to add through investments in social, recreational, and business amenities,” says Steve Card, principal and regional director, Mid-Atlantic, for Rubenstein Partners.