property type: Multifamily
Home Properties Acquires Northern Virginia Property
August 10, 2000 Home Properties (NYSE:HME) has acquired a 150-unit apartment complex in Fairfax, Va., for $13 million in cash, or about $86,700 per unit.The company anticipates that the purchase of the East Meadow Apartments will yield a 9.3 percent ...
GMAC Provides $25 Mln Financing for Washington Apartments
August 7, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage has provided $25 million of acquisition financing for an apartment complex in the Seattle suburb of Federal Way, Wash.Glen Park Associates LLC used the fixed-rate financing to buy the 464-unit Glen ...
L.J. Melody Arranges $44.6 Mln Financing for Multifamily Portfolio
August 7, 2000 RFC Commercial has provided $44.6 million of fixed-rate financing for three apartment communities in Georgia and Texas that are owned by Flagship Properties.L.J. Melody arranged the financing, which is secured by 1,445 apartment units. The complexes are ...
KeyCorp to Buy Newport Mortgage, Bolsters Multifamily Offerings
The Cleveland bank has been aggressively moving to beef up its presence in the commercial real estate arena. It is now buying Newport Mortgage of Dallas, whose specialty is originating multifamily mortgages under a host of federal agency programs.
Gables to Develop Near Emory University
August 4, 2000 ATLANTA – Gables Residential (NYSE: GBP) is planning to develop a 183-unit townhouse project in the Druid Hills area of Atlanta near Emory University.The project, which will cost $24 million to develop, will contain one-, two, and ...
Related Buys Chicago’s LR Development In $300 Mln Deal
August 2, 2000NEW YORK –The Related Cos. LP has announced its acquisition of Chicago-based LR Development, a builder of luxury residencesAlthough Related did not disclose a sales price, it has previously been reported at $25 million. However, Related is assuming ...
Glen Park
King County property records identified the seller as Bear Capital
Villages at Clear Springs,
The company paid more than $10 million for the 96 percent leased complex.
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