The transaction shifts Preferred Apartment Communities' focus to its multifamily properties while boosting TPG Real Estate Partners' presence in Europe.
Leasing is underway at Presidium Revelstoke, a three-story, 466,515-square-foot residential community in Alliance Town Center and the development is expected to be fully complete in 2021.
A Transwestern official tells Globest.com that the bidding for the property was intense with more than 300 confidentiality agreements from both domestic and international investors.
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