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Dwight Mortgage Trust has provided $88.4 million of fixed-rate financing against three apartment properties, two in Fayetteville, N.C., and one in Tuscaloosa, Ala. The two five-year loans allowed the properties' owners to refinance existing debt and fund interest reserves. The ...
The Preiss Co. has bought Riverfront Village, a student-housing property with 440 beds in Tuscaloosa, Ala. The Raleigh, N.C., company purchased the 92-unit property in a venture with Crow Holdings Capital of Dallas. The seller and purchase price were not ...
Birmingham Business Journal Morrison Avenue Capital Partners has bought High River, a 176-unit apartment property in Birmingham, Ala., for $20.1 million, or about $114,205/unit. Hudson Capital Properties sold the complex, at 1900 Rice Mine Road North, which it had bought ...
Commercial Real Estate Direct Staff Report The $39.9 million CMBS loan against the 456-unit University Village student-housing property near the campus of the University of Alabama in Tuscaloosa, Ala., has transferred to special servicer Midland Loan Services because it's expected ...
Castle Lanterra Properties has sold the 304-unit Heights at Skyland apartments in Tuscaloosa, Ala., for $20.7 million, or $68,092/unit. The Suffern, N.Y., apartment specialist had purchased the property in 2015 for $11.95 million. It then embarked on a substantial renovation ...
Birmingham Business Journal A venture of Educational Realty Trust and The Edwards Cos. is planning a $41 million apartment project for the campus of the University of Alabama in Tuscaloosa, Ala. Regions Bank has provided financing for the 337-unit project, ...
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