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Some 80% of the units at Viamonte at Walnut Creek are already sold and nearly 80% of the future homeowners are 680 Corridor residents, demonstrating the demand for this type of senior community.
“The outside capital is really helping to push local investors understand the value of the real estate and the opportunity that exists, and they are stepping in.”
“The entire center will be a valued asset to the city, serving all of our residents and attracting shoppers from Staten Island and Jersey City all the way to Bayonne,” says Bayonne Mayor James M. Davis.
The largest transaction thus far for Fund II is a $40-million first priority mortgage for the redevelopment of the former Highland Park Mill, a 150,000-square-foot mixed-use property in Charlotte, NC.
According to Stan Johnson Co. associate director, Katie Elliott, mission critical industrial facilities are high on the investor radar, even outside of primary markets.