The buyer had assumed a $61.2 million Freddie Mac loan that's securitized through FREMF, 2019-K99. The loan requires only interest payments through its August 2029 maturity and pays a coupon of 3.4 percent.
Multi-Housing News Excelsa Properties has paid $105.5 million, or $314,925/unit, for Concord Park at Russett, a 335-unit apartment property in Laurel, Md. The Bethesda, Md., investor purchased the property from Starwood Real Estate Income Trust Inc., and it assumed a ...
85 percent occupied.
70 percent leased.
93 percent occupied.