Global Opportunity: U.S. Investors Find Deals Worldwide
Savvy U.S-based sponsors are building a footprint far from American shores.
Carroll Organization Grows Orlando Footprint
The company’s fifth local acquisition in the last year, ARIUM Bala Sands is in a top-ranked school district and offers some of its submarket’s largest units.
Charlotte Apartments Change Hands
An affiliate of the Carroll Organization has sold ARIUM McAlpine Creek, a 214-unit apartment community in Charlotte, N.C.
Passco Buys Suburban Phoenix Community for $80M
The nearly 400 units are located in one of the metro area’s most desirable submarkets.
Deluxe Bay Area Asset Commands $320M
Aimco spared no expense when building Indigo, a new 10-story luxury community in Redwood City, Calif.
Steadfast REIT Grows in Peachtree State
The non-traded multifamily REIT sponsored by the private investment company paid about $56 million for a freshly renovated garden-style community in Marietta, Ga.
Yardi Matrix: Richmond’s Rise
The capital of Virginia remains a steady market, having hit cycle-wide records this year for delivered units, rent growth, transaction volume, home prices and job gains.
Ashford Hospitality, HFF Offer Details of Marriott Financing
By Liviu Oltean, Associate Editor A month after Ashford Hospitality Trust Inc. closed on the $43.5 million purchase of the Marriott Memphis East Hotel, the REIT and its advisor, HFF, have revealed details of the acquisition financing. Dallas-based Ashford reported in late March that it had obtained a $33.3 million floating-rate mortgage pegged to […]
Finishing Touches Seal the Deal
Cost-effective amenities offer an edge in competition for residents