The acquisition consists of properties in Tampa, Fla.; Indianapolis, Ind.; and Raleigh, N.C.
The partnership secured the 10-year floating rate loan with a rate equal to 1 month LIBOR plus 2.44 percent.
The Park at Valenza adds a mix of one-, two- and three-bedroom apartments to Blue Rocks growing 9000+ Florida portfolio.
This week’s most interesting listings include a converted former U.S. Marine hospital and a renovated pre-war building in New York’s Chelsea neighborhood.
The Tampa property features controlled-access entry, 925 parking spaces, laundry facilities, an onsite leasing office, clubhouse, a fitness center, a spa, two swimming pools, a car care center, a playground and a running track.
JLL strengthens its affordable housing department with the appointment of John Sabatier.
The 56-unit apartment community sparked great interest, with 100 registered buyers and seven written offers.
The bidding process for the five rentable properties located in Tampa, Brandon and Bradenton was very competitive. Marcus & Millichap mediated the transaction.
The Grande, an ultra-luxury 18-story residential tower overlooking the waterfront, is planned to break ground in Sarasota, Fla., next spring.