Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO-Archstone, the Englewood, CO-based REIT, has sold its Archstone Altamonte Springs development to Title Properties of Colorado for $15.1 million, according to Charles J. Foschini, vice chairman of CB Richard Ellis’ Debt and Equity Finance and Institutional group in Miami, who, along with team members, arranged for $10.6 million in acquisition financing through Freddie Mac for the 224-unit property. The loan has a loan-to-purchase price of 70%, a 10-year term, 30-year amortization and a favorable, fixed-interest rate.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.