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  • PAC Snags Tampa-Area Luxury Property

    The purchase of the newly built 280-unit community was financed through a first mortgage loan from Fannie Mae, originated by Berkadia Commercial Mortgage LLC.

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    The Addison at Princeton Meadows was built in 1981 and offers studios and one- and two-bedroom units. It was purchased free and clear of existing debt.

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    The company plans to renovate the 200-unit Summit Ridge Apartments in Birmingham, giving the community new roofs, exterior doors, siding repairs and attic insulation for increased energy efficiency.

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    KeyBank Real Estate Capital arranged the financing, 12-year term, seven-year interest only period and a 30-year amortization schedule for the 255-unit Stonewood Garden Apartment Homes.

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  • SC Community Changes Hands for $16M

    Brian Ford, Alex McDermott, Austin Green and Ron Corrao from Capstone's Charlotte office brokered the sale of Southern Pines, a 352-unit community in Spartanburg. Capstone worked on behalf of the seller, Bowman Investment Group.

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