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Forest Hill Towers in Newark Trades for $73M
The transaction was facilitated by an unspecified preferred equity investment by national multi-housing owner and operator Pensam Residential of Miami. Pensam’s preferred equity investment is structured behind Fannie Mae senior financing.
Cargo Volumes Fall Again in November
After a strong October, cargo volumes at the Port of Long Beach are down 3.5% due to tariffs.
Harrison Street Acquires 11 East Coast Senior Living Properties
The 1,322-unit portfolio consists of all stabilized properties and has maintained an average occupancy of 92% through the past three years.
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370 Lex: The Art Deco Tower for a New Office Tenant
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