Stonemont Financial Pays $87.3Mln for 2 Charlotte, N.C., Industrial Buildings
Charlotte Business Journal Stonemont Financial Group has acquired two industrial properties totaling 596,099 square feet at 5910 and 5808 Long Creek Park Drive in Charlotte, N.C., for $87.3 million, or $146.45/sf. The Atlanta investor purchased the properties from Link...
Harbor Group Buys 505-Unit Apartment Complex in Miami for $109Mln
South Florida Business Journal Harbor Group International has bought the 505-unit Emerald Palms Apartments in Miami for $109 million, or $215,842/unit. The Norfolk, Va., company purchased the property from Milestone Group of Dallas, which had acquired it in 2021...
PXV Makes First Investment, Pays $29.5Mln for Atlanta Apartments
PXV Multifamily, formed late last year by Matt Ferrari, the former co-chief investment officer of TruAmerica Multifamily, has completed its first acquisition, paying $29.5 million, or $136,574/unit, for the 216-unit Village on the Green apartment property in Atlanta. PXV...
BlackRock Bought Camden’s California Apartments
An investment vehicle managed by BlackRock was the buyer of Camden Property Trust's 11 California apartment properties with 3,609 units. It paid $1.63 million, or $451,648/unit. JLL Capital Markets arranged the deal, along with $566.6 million in agency financing...
Ladder Capital Lends $41.5Mln Against Indiana Office Owned by Affiliate
Commercial Real Estate Direct Staff Report Ladder Capital Corp. has provided $41.5 million of mortgage financing against the 384,931-square-foot Meridian Mark office complex in the Indianapolis suburb of Carmel, Ind. The loan, with a 6.79% coupon, requires only interest...
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