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America First Real Estate Group has paid $25.3 million, or $105,417/unit, for Bell Standifer, a 240-unit apartment property in Chattanooga, Tenn. The Omaha, Neb., company bought the apartment property from Bell Partners Inc. of Greensboro, N.C., in a deal brokered ...
Beech Street Capital has arranged a $23.5 million loan for Carriage Parc Apartments, a 316-unit complex in Chattanooga, Tenn. The self-amortizing loan has a 35-year term and was provided under a United States Housing and Urban Development program. It was ...
CBL & Associates Properties Inc. has agreed to pay $11.5 million, or $14/sf, for the 823,000-square-foot Northgate Mall at 5000 Hixson Pike in Chattanooga, Tenn. The Chattanooga REIT agreed to buy the property at an online auction hosted by auction.com ...
The property backs a $43.4 million loan that is securitized through ML-CFC Commercial Mortgage Trust, 2006-4. It was tossed into special servicing when its owner, General Growth Properties, filed for bankruptcy in 2009.
BRT Realty Trust said it has acquired a 308-unit apartment complex in Chattanooga, Tenn., that served as collateral for a $25.7 million mortgage the Great Neck, N.Y., mortgage REIT had provided. The company said it acquired the property through a ...
Principal Real Estate Investors has provided $117 million in fixed-rate financing for Hamilton Place Mall, a 1.2 million-square-foot shopping center in Chattanooga, Tenn., owned by CBL & Associates.The 10-year mortgage pays a rate of 5.86 percent and was used to ...
Ramsfield Hospitality Finance has acquired a $2.5 million B-note component of a $16.5 million mortgage that IXIS Real Estate Capital provided for the Sheraton Read House, a 242-room hotel in Chattanooga, Tenn.The financing allowed the property's owner, a group led ...
Citigroup has loaned $54.6 million against two retail properties in Tennessee.Hamilton Village, a 429,000-square-foot retail center in Chattanooga, received $28.8 million of the financing, and Johnson City Crossing, a 242,000-sf shopping center in Johnson City, received $25.8 million. The 10-year ...
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