Business Specialties
MedEquities Buys IN Skilled Nursing Facilities
Magnolia Health Systems sold the assets for $15 million in cash and will lease them back on a triple-net basis for 15 years.
JV Brings 156 Senior Units to Charleston
Alex Brown Realty, Wakefield Capital and Affinity Living Group are developing a 120,000-square-foot community slated for completion in June 2018.
Affordable Portland Asset Changes Hands
BRIDGE Housing acquired The Ramona, a 138-unit apartment building in the Pearl District of Portland, Ore. The fully affordable asset is LEED certified to the Gold level.
BBX Capital Completes 2 Buildings at Orlando Community
Upon final completion, The Addison on Millenia will consist of 10 buildings offering a total of 292 units. The community is part of The Gardens on Millenia mixed-use development.
The Local Breaks Ground in Tempe
Forum Real Estate Group is developing a mixed-use project that will include a nine-story apartment community with 286 units and a ground-floor Whole Foods Market 365 store.
Tishman Speyer’s Jackson Park Tops Out in NYC
The community, located in New York City’s fastest-growing neighborhood, Long Island City, Queens, will include more than 1,800 apartments and 120,000 square feet of indoor and outdoor amenities, as well as a private 1.6-acre park.
Campus Advantage Adds 2 in MO
The Lyfe and The Row add a total of 778 beds to the company’s portfolio. Both communities cater to students attending the University of Missouri in Columbia.
Landmark Lands Cleveland Lakeshore Community
Quay 55, a former warehouse converted to apartments, is now in the hands of an affiliate of Landmark Cos. Deancurt Realty Group sold the Lake Erie shoreline property after six years of ownership.
PMG Gets $154M for FL Mixed-Use
The development will be constructed under the company’s new PMGx multifamily housing division, which comprises “social living” rental communities that cater to professionals who seek a more community-oriented lifestyle.
Managing the Uncertainties of Home Security
The process to replace and change mechanical key locks can be expensive and time consuming for both residents and property managers, making the switch to electronic access a more efficient option.