The report notes that city’s average daily rate rose 5.8% year-over-year to $202.41 and revenue rose 4.3% year-over-year to $707 million.
These funds include foreign capital, which is targeting mainly office and industrial assets, says VEREIT’s Dan Lovitz.
The initiative is part of a $100-million strategy announced last Friday by Fifth Third Bank to invest in Qualified Opportunity Zones across the nation
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