1031 Exchange
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Inland Empire Asset Trades in 1031 Exchange
Providence Capital Group placed a non-contingent offer for the 140-unit community in Hemet, Calif., which traded for $15.5 million. Marcus & Millichap represented the seller and procured the buyer.
Inland Empire 21 August 2017 17:59 -
Lower Average Loan Sizes Are Likely
Rising interest rates have yet to strongly impact the multifamily market, as specialists are confident the market will continue to see healthy fundamentals in the near future. While loan origination volumes are expected to stay up, the average value of credit facilities might dip.
New York 01 August 2017 20:39 -
CBC Advisors Completes 2 West Coast Multifamily Sales
The Cove at Overlake in Tooele, Utah, and student housing community The Pines, in Rexburg, Idaho, changed hands in two off-market transactions totaling 204 apartment units.
Salt Lake City 15 June 2017 16:22 -
South FL Community Trades in $27M Deal
Cushman & Wakefield’s team worked on behalf of the seller, a joint venture between Eastwind Development and Index Apartments, in the 1031 exchange of the asset.
Miami 13 June 2017 14:04 -
PAC Buys Recently Built Virginia Community
The company purchased Founders Village, a 247-unit community in Williamsburg, Va., and financed the acquisition using a portion of the proceeds from a 1031 exchange sale.
Richmond 05 April 2017 14:09 -
HFF Leads $13M Sale of Philly Apartments
Lennox Apartments, a 156-unit apartment community in Mount Airy, sold to a private New York-based group.
Philadelphia 25 October 2016 17:37 -
East Hollywood Community Traded in 1031 Exchange
The rapidly gentrifying submarket determined the hefty price per unit and low cap rate.
Los Angeles 06 July 2016 15:52
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