KeyBank originated a $50.5 million Fannie Mae loan to help fund Bluerock's acquisition.
Audubon Capital has lined up a $46.5 million Fannie Mae loan from CBRE Capital Markets against the 10-year-old complex.
93 percent occupied.
97 percent leased. The sale results in a 5.9 percent capitalization rate, after accounting for management and other expenses.
95 percent leased. The properties are White City Shopping Center and White City East Shopping Center.White City Shopping Center and White City East Shopping Center.
The new owner will occupy space in the building
Built in 1970, property contains 15 three-story buildings on a 10-acre site. Also included in the deal were 12 acres of vacant land adjacent to the site, which is expected to be developed for multifamily use.