Pasadena-based ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, said investors have fully subscribed its Net-Leased Portfolio 65 DST, an $82.28-million offering featuring 416,735 square feet of national tenants in necessity-based industries. The portfolio is…
GrayCo obtained a $34 million refinancing for the Bristol Park at Riverchase, a 300-unit apartment complex in Madison, TN, not far from Nashville. BWE’s Charles DuBose and David Foulk originated the financing from Fannie Mae on behalf of GrayCo. The…
Large-scale loans helped drive significant credit changes in newly delinquent loans, cured loans and modified loans during July, Trepp reported. For example, the office CMBS delinquency rate rose 54 basis points last month to 8.09%, with a single loan–the $670-million…
The deluge of new apartments flooding the Metro Atlanta market has turned the tables on landlords, who are granting renters more incentives and lower rents. But with developers hitting the brakes on new projects as financing grows cold, the upper…
Colliers completed the $76.8-million sale of a newly constructed Inland Empire West Industrial asset, Almeria Logistics Center. Cabot Properties acquired the 236,129-square-foot property located at 8300 Almeria Ave. in Fontana from seller and developer Transwestern Development Company. It’s fully leased…
Berkadia announced the refinancing of The Pillars of Prospect Park, a 283-unit seniors housing community in Minneapolis, Minnesota. Managing Directors Austin Sacco and Steve Muth of Berkadia Seniors Housing & Healthcare secured bridge financing through a national bank on behalf…
National multifamily developer Wood Partners will expand its presence in Charlotte with Alta 10th and Seigle and Altera Mint Hill, bringing its total to 16 developments in the city and 30 in the state. These new multifamily properties will bring more than…
After a 60% drop in effectuated appraisal reduction amounts (ARAs) on CMBS loans in 2022, ARAs climbed in 2023 and 2024 as delinquencies increased 84%, Kroll Bond Rating Agency reported. ARAs totaling $1 billion (98 loans) were effectuated during full-year 2023, while the year-to-date…
The Hotel Granada, at 1302 W. Peachtree St., has completed its extensive renovation and is back open for business. The midtown hotel, with 120 rooms, will not be tagged with a brand, instead choosing to be independent. Aparium Hotel Group…
Jamestown will acquire the Atlanta subsidiary of Cincinnati-based North American Properties (NAP). The Atlanta subsidiary, which has $2 billion in assets under management as of June 2024, is an owner/operator and real estate services provider of mixed-use properties in suburban,…
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