Fairstead, already an affordable housing owner in South Florida, plans major renovation of the complex it purchased for $239,837 per unit.
Torrey Square posted the lowest base rent per-leased-square-foot in Whitestone’s wholly-owned portfolio. Since its IPO in 2010, Whitestone has improved its base rent per leased square foot by over 80%.
The three off-market transactions, completed within one week, add 1.78 million square feet to the company’s portfolio.
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