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A venture of Middleburg Communities and Stockbridge Capital Group has paid $100.5 million, or $335,000/unit, for the 300-unit Indigo Champions Ridge apartment complex in the Orlando, Fla., suburb of Davenport, Fla. The venture bought the recently completed property, at 1005 ...
Tampa Bay Business Journal Preferred Apartment Communities Inc. has bought the 280-unit Lirio at Rafina apartment property in Davenport, Fla., for $90 million, or about $321,429/unit. The Atlanta investor acquired the property, at 1008 Laguna Loop, from its developer, Catalyst ...
KWQC.com TWG has broken ground on Federal Point, a 185-unit apartment property in Davenport, Iowa. The Indianapolis developer is building the property at 450 LeClaire St., about 80 miles east of Cedar Rapids, Iowa, right on the state's boarder with ...
REBusiness Online Construction is underway on the Russell Industrial Park, a 1.4-million-square-foot industrial property in Davenport, Iowa. Russell, a Davenport construction and development company, is building the property on a 95-acre site at 8730 Northwest Blvd., about 50 miles east ...
Acre Credit Investments LLC provided $41.75 million of financing to the buyer.
Tampa Bay Business Journal The Garrett Cos. has sold the 250-unit Verso Luxury Apartments in Davenport, Fla., for $57.75 million, or $231,000/unit. The Greenwood, Ind., investor sold the garden-style property, at 6100 Echelon Way, to an unidentified Virginia-based company. Berkadia ...
Mosaic Real Estate Investors has provided $60 million of construction financing for the 360-unit first phase of the Sovereign at Town Center apartment property in Davenport, Fla., which is just south of Orlando, Fla. The nonrecourse loan was arranged by ...
The property is Berry Town Center. John Hancock Life Insurance Co. provided a $12 million loan to help fund Preferred Apartment's acquisition.
95 percent occupied. The New York firm used a $22.4 million Fannie Mae loan to help fund the purchase of the property. KeyBank wrote the Fannie loan, which matures in March 2026 and pays a coupon of 4.19 percent.
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