City: Savannah

Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc. has sold two hotels with 284 rooms in Georgia and Wisconsin for $37.8 million. The Dallas REIT sold the 156-room Courtyard by Marriott Savannah Downtown in Savannah, Ga., for $30 ...

Commercial Real Estate Direct Staff Report Carter Multifamily has paid $84.3 million, or $104,074/unit, for six apartment properties with 810 units in Savannah, Ga., and its Garden City, Ga., suburb. The Tampa, Fla., company bought the portfolio from Kole Management ...

Commercial Real Estate Direct Staff Report The $49.2 million loan against the Aspen Heights-Statesboro student-housing property in Statesboro, Ga., has been transferred to special servicing because it's been classified as being 30-days late with its payment. The transfer to the ...

B&M Management has paid $46 million, or $127,778/unit, for the Village at Rice Hope apartment property in Port Wentworth, Ga., a suburb of Savannah, Ga. The Birmingham, Ala., investment manager bought the 360-unit complex from Waypoint Residential, which was represented ...

Starwood Real Estate Income Trust Inc., a non-traded REIT that Starwood Capital Group had launched last year, has circled its first investments. The REIT, which got the regulatory okay to start raising capital last year, hasn't yet raised any. Still, ...

B&M Management Co. has paid $49.75 million, or $153,076/unit, for Two Addison Place, a 325-unit apartment complex in Pooler, Ga., a suburb of Savannah, Ga. The Montgomery, Ala., investment manager bought the property from Wharton Equity Partners, which was represented ...

Griffin Capital Essential Asset REIT Inc. has paid $56.5 million, or $56.50/sf, for a 1 million-square-foot industrial building in Savannah, Ga. The El Segundo, Calif., REIT, whose shares do not trade on any exchange, acquired the building, on a 70-acre ...

Monmouth Real Estate Investment Corp. has paid $57.5 million, or just more than $69/sf, for 590 Northport Parkway, an 831,764-square-foot industrial building in Savannah, Ga. The Freehold, N.J., REIT, which invests in industrial properties that are net-leased to single tenants, ...