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    House Co. sold Willowdaile Apartments in Durham for $11.8 million. The property is only a few miles from Duke University’s campus.

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    Family investment firms are making their mark in the multifamily industry. Post Brothers’ Matthew Pestronk weighs in on this trend and the challenges in the industry for companies managing family capital.

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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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    BRT Apartments Corp. purchased Mercer Crossing from Provident Realty Advisors for roughly $86 million. For the acquisition, the buyer obtained a $55.2 million loan from Barings Multifamily Capital.

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    Novare Group and Batson-Cook Development Co. are nearing completion of the community's second phase. The 24-story building will open June 22.

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  • ARA Newmark Secures $92M Denver-Area Portfolio Sale

    Earlier this year, the 144-unit Villas at Holly sold for $26.3 million to Triumph Properties Group. The 312-unit Villas at Homestead traded as well, for $65.4 million. Both properties are located near the Denver Tech Center.

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  • Pathfinder Completes Luxury Condos at Sky Las Vegas

    The 390,000-square-foot Sky offers 409 units with a mix of one-, two- and three-bedroom floorplans. The building is conveniently located on the Las Vegas Strip.

    27 June 2017 15:04
  • Next on Sixth: Competition in Koreatown

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  • Cleveland Hotel to be Converted Into Senior Housing

    The Lake County Ohio Port and Economic Development Authority completed a $49 million bond financing packaging for Tapestry Wickliffe to transform the building.

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    ACC partnered with Butler University to open another student housing facility in Indianapolis. The 648-bed community is slated to open in fall 2018.

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