Maryland Park Apartments

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    The three-property portfolio traded for $10.6 million or nearly $189,000 per unit and closed at a 4.6 percent cap rate.

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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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    Preferred Apartment Communities has secured Aldridge at Town Village, a 300-unit community in Marietta, Ga., that was built in 2016.

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    The brokerage firm arranged the sale of a 21-unit community in Santa Ana, Calif., at one of the highest price-per-square foot values for in the city. The buyer, NNC Apartment Ventures, plans to renovate the property, which was built in 1987.

    30 May 2017 17:15
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    Ryan Barber, who leads Marsh's property practice sales division, offers his take on the insurance-related challenges that have emerged in the aftermath of Hurricane Harvey.

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  • Portland’s Charm

    The city's multifamily demand remains elevated, fueled by a healthy job market and an influx of young people for professional and lifestyle purposes.

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    The development includes 78 affordable apartments for seniors as well as 450 hotel units and condos. EAH Housing will be in charge of the affordable component.

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    Completed in 2015, the 12-story community is situated across the street from Cherry Creek Shopping Mall. BMC Investments sold the asset for roughly $650,000 per unit.

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  • Lowe JV Buys 304-Unit B’more Community

    The high-end Jefferson Square at Washington Hill includes 20,000 square feet of street-level retail and was completed in 2015. The seller will continue to manage the property.

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