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The Chicago REIT bought the property, at 258 Walnut St., from Blue Moon Capital Partners of Boston in a deal arranged by JLL Capital Markets.
Ventas Inc. has paid $36 million, or $450,000/unit, for the 80-unit Residence at Orchard Grove seniors-housing property in Shrewsbury, Mass. The Chicago REIT bought the property, at 258 Walnut St., from Blue Moon Capital Partners of Boston in a deal ...
REBusiness Online MassHousing has provided $21 million of financing for the development of The Pointe at Hills Farm, a 93-unit apartment property in Shrewsbury, Mass., just west of Boston. The property, at 526 Hartford Turnpike, is being developed by WinnCos. ...
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.
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.
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.
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