(Read more on the multifamily market and moreon the debt and equitymarkets.)
NEW YORK CITY-Sentinel Omaha LLC, a fund managed by locallybased Sentinel Real Estate Corp., has closed on the acquisition ofall of the common shares of locally based America First ApartmentInvestors Inc., a multifamily REIT, in a transaction valued at$532million, including the assumption of outstanding debt,according to Sentinel, as GlobeSt.com previously reported. Thetransaction was approved on Sept. 12 by America Firstshareholders.
According to the terms of the acquisition agreement,shareholders will receive $25.30 in cash for every common shareheld. As previously announced, APRO shareholders of record on Sept.17 will also receive a prorated quarterly dividend payment in theamount of $0.23 per share. The America First portfolio includesapartments in mostly Southeast and Midwest states, such as theGreenhouse, a 126-unit mid-rise at 900 Farnam St. in DowntownOmaha, purchased in 2006.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
