Madison Apartment Group

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    The real estate investment trust arranged the first mortgage financing for the community. Pinnacle at Union Hills was purchased for $48 million using proceeds from an equity offering.

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    Viking Cos. will use the funds to build 23 West Apartments, a 176-unit community in Gainesville, Fla. The HUD-insured loan period covers 17 months of construction plus 40 years.

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  • Jefferson Apartment Group Acquires Suburban Boston Asset

    One Upland, in Norwood, Mass., includes 262 units. The property was built by Campanelli and Thorndike Development in 2016.

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  • May Employment Solid but Concerns Remain

    The United States economy added 138,000 jobs in May, according to the Bureau of Labor Statistics. The unemployment rate has now remained at less than 5 percent for a year, but the picture is not entirely rosy.

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  • Miami Community Commands $37M

    Evan Kristol and Felipe Echarte of Marcus and Millichap’s investment team worked on behalf of the private seller to procure the buyer, Blue Rock Partners, for the transaction.

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