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    The aggregate loan will be used by Oxford Properties to develop a 338-unit community in Charlotte. The investment comes with an option for PAC to acquire the asset following stabilization for a convenient sum.

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    Landmark West Loop, located in the West Loop neighborhood, is a 31-story, 300-unit community designed by architect Morris Adjmi.

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    The company worked on behalf of the seller, an Orlando-based private group, for the 80-unit property sale. The community was 97.5 percent occupied as of May.

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    Kevin Michels has 14 years of experience in commercial real estate with a primary focus on asset analysis and evaluation. In his new position, he will provide analysis of Westmount’s multifamily portfolio.

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    Construction of the two residential colleges, which opened this August, started in 2015. Headington and Dunham comprise a total of 600 beds.

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    After the housing crash, Detroit’s revival was powered by mission lenders. Nearly 42 percent of investment in Detroit real estate was possible with financing from such alternative financing organizations. Urban Institute’s Brett Theodos filled MHN in on mission lending and its opportunities for expansion.

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