The company expects to close $300 million in multifamily senior loans by the end of January and $450 million to $500 million by the end of the first quarter of 2021.
The respective portfolios and investment strategies are complementary offering both companies new geographic and strategic opportunities.
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%.
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