SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
Houston’s 777 Post Oak Blvd. Office Gets New Owner
April 24, 2024
The Advocate (Baton Rouge) Dutton Development Inc. has purchased two apartment properties with a combined 153 units in Baton Rouge, La. The properties, which are near the campus of Louisiana State University, are the 129-unit Fountainhead Apartments and the 24-unit ...
The property is 90 percent occupied. Thiemann funded the acquisition with $11.9 million of financing from Principal Global Investors. HFF Inc. arranged the 10-year, fixed-rate loan.
Financing was arranged by CBRE Melody, and it will fund the acquisition and necessary improvements to the property.
The REIT is looking to sell all eight properties it owns in the Atlanta and Denver areas, as well as an interest of 80 percent in the nine properties it owns in the Dallas area. Those properties combined have 6,250 ...
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