Archstone Sunnyvale

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    The Los Angeles-based company sold 9Seventy, a newly constructed project adjacent to the University of Colorado. At the time of the transaction, the property was fully leased.

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    Conifer Creek last traded in 2013, when Grand Peaks Properties sold it for $54.4 million. The community was 96.9 percent occupied as of May.

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    Square Mile Capital Management originated the loan on behalf of developer Lightstone, which completed construction in March 2016. The apartment community comprises 344 market-rate and 86 affordable units.

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  • PA Senior Living Community Expands

    Windy Hill Village, a Presbyterian Senior Living community in Philipsburg, broke ground on a 48-unit rental apartment building. R.S. Mowery & Sons is the project’s contractor.

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    The company acquired Villas at Holly, 143-unit community, for $26 million.

    14 March 2017 16:20
  • PRG Lands Second KC Multifamily Community

    The Reserve at Barry Apartments is a 690-unit property located within close proximity to major employers in the area.

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  • Market Pulse for May 2017

    Commentary and data were supplied by Michael Neal, a senior economist with the National Association of Home Builders (NAHB).

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  • NJ Community Sells for $27M

    A joint venture of C6 Real Estate Partners and Citymark Capital acquired the newly built, 100-unit River Edge at Garfield, which comprises one- and two-bedroom apartments ranging from 834 to 1,217 square feet.

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  • Preferred Closed the Sale on 2 Communities Totaling $114M

    The properties, located in Kansas City, Kan., and Atlanta, have an annualized return of 19.1 percent.

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  • Covenant Buys $30M Indianapolis Community

    Columns of Castleton was 99.5 percent occupied as of June. The company plans to implement a $4.7 million plan for renovating unit interiors and upgrading amenities.

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