Moontower sold to Ocean West Capital Partners and Landmark Properties for an undisclosed price, but at one that is among the top five largest single-asset sales in terms of transaction value in the student housing space this year.
The developer breaks ground on a 1.2 million square foot industrial facility in Perris, California.
Most loans that it analyzed have adequate cushion to sustain a moderate decrease in cash flow.
Sponsored by CREyield
Sponsored by Knock
Sponsored by Elevant
- Exclusive discounts on ALM and GlobeSt events.
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.
Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.