David Pierce

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    The 75-unit 2001 East Apartments, which is located close to the Church Hill Historic District, traded for $9.7 million. Rents at the residential property, which also has two commercial suites, equate to an average of $1,177.

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    Terra, New Valley, Great Eagle Holdings and Bizzi & Partners secured the construction financing for Eighty Seven Park, a 66-unit tower featuring luxury amenities such as a butler service, juice bar and full-time botanist.

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  • Dougherty Secures $7M Acquisition Loan

    On behalf of a private investor, Dougherty arranged the financing for the purchase of a Garland, Texas, market-rate community. The 12-year term, three-year interest-only Fannie Mae loan has a 30-year amortization schedule.

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  • Lightstone Grabs $71M AL Portfolio

    The properties, all located in Mobile, include the 675-unit The Estates at Lafayette Square, the 450-unit Pine Bend & Hampton Park and the 200-unit Bel Air.

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  • Affordable Senior Community Opens in Richmond, IL

    The 25-unit community offers one- and two-bedroom apartments for $866 and $1,039, respectively, and is Energy Star Certified.

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