Springer Capital Pays $240.2Mln for S.C. Apartment Portfolio
April 22, 2024
309-Unit Apartment Property Opens in Phoenix
April 22, 2024
56 percent leased.
The Bethesda, Md., REIT said it assumed a $14.7 million mortgage on the property.
78 percent occupied.
property was owned by Walton Street Capital, which defaulted on $87.5 million of debt that was securitized through JPMorgan Chase Commercial Mortgage Securities Corp., 2005-LDP5.
valued arround $46Mln; expected to sell for $65Mln; anchored by JC Penney, Filene's, Sears and Wal-Mart
The property sale includes a 56,000 sf office building.
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