Preferred Apartment Communities Inc. has paid $135.7 million for two multifamily properties with a combined 613 units in Florida. The Atlanta REIT bought the properties, the Menlo in Jacksonville and the Blake in Winter Springs, from their developer, Catalyst Development ...
The Los Angeles investment manager financed its purchase by assuming a $31.9 million Fannie Mae loan that was securitized through FNA 2016-M3 and FNA 2016-M4.
75 percent occupied.
95 percent occupied.