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Column Financial Inc. provided Bean of Portland, Ore., $85 million of financing for the investment.
Bascom Group has paid $48 million for the Dunwoody Club, a 532-unit apartment complex in Atlanta. The Irvine, Calif., firm purchased the complex from Place Properties of Atlanta, which marketed the property through CB Richard Ellis. Bascom plans to renovate ...
89 percent leased. The sale was said to have genereated a capitalization rate of 4.5 percent.
SCI Investments has purchased a 1,021-unit portfolio of student housing properties located throughout the country. The Los Angeles firm purchased the property on behalf of tenant-in-common investors from GMH Communities Trust of Newtown Square, Pa., which marketed the portfolio through ...
Charlotte Observer Tuscan Development of Charlotte, N.C. has begun the first phase of construction on a residential community in Charlotte. Phase one of the $17 million development, which is dubbed Duo at CBC, will have 58 duplex condos. Details on ...
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