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The buyer funded part of the purchase price with $25 million from its line of credit with KeyBank. The credit line has a floating rate pegged to Libor plus 350 basis points.
Dallas CityBizList Sealy & Co. has bought the 380,000-square-foot Trade Stone Distribution Center industrial property in Lexington, Ky. The seller and purchase price were not known.
93 percent occupied.
Steadfast Income REIT has paid $36.4 million for a pair of apartment properties with a combined 390 units. The Irvine, Calif., REIT, whose shares are not traded on any exchange, paid $20.1 million, or $83,750/unit, for the 240-unit BriceGrove Park ...
BBVA Compass Bank has provided a $45 million loan against three office buildings with 513,612 square feet in the Forest Green Corporate Campus in Louisville, Ky. The three-year loan has a floating rate and was arranged by CBRE. The properties, ...
88 percent occupied. The acquisition was funded with a $38.5 million Freddie Mac loan provided through PNC Bank. The loan, which is earmarked for securitization, has an interest rate of 3.73 percent, matures in January 2023, and requires only interest ...
88 percent occupied. The buyer funded the acquisition with a $38.5 million Freddie Mac loan provided through PNC Bank. The loan, which is earmarked for securitization, has an interest rate of 3.73 percent, matures in January 2023, and requires only ...
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