EPR Properties, a net lease REIT specializing in experiential properties, said Monday it had entered into a new amended and restated $1-billion unsecured revolving credit facility. The new facility, maturing on Oct. 2, 2028, replaces the Kansas City, MO-based company’s…
Landmark Properties has launched The Standard at Eugene, a 703-bed, 247-unit student housing development at 435 E. Broadway in Eugene, Oregon. The Standard at Eugene is Landmark’s first student housing community near the University of Oregon, just steps from the…
Two portfolios totaling five properties and 1,234 units were sold by Harbor Group International for $159.7 million. Three of the apartment complexes were purchased by LRE Management LLC, while the other two were bought by Greybrook. CBRE’s Shea Campbell, Ashish…
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,…
Optimus Properties, LLC purchased 4925 SW Jamieson Rd, a 70-unit apartment community in Beaverton, Oregon. The property sits on 2.22 acres of land in the desirable Raleigh Hills neighborhood, which is in Washington County. The property is surrounded by strong…
NexPoint launched the NexPoint Small Bay II DST, a Delaware statutory trust (“DST”) offering comprised of two Small Bay industrial properties in the Orlando-Kissimmee-Sanford metropolitan statistical area (“MSA”). The offering, sized at just under $39 million, adds 378,929 square feet of multi-tenant warehousing and industrial…
Valuations on distressed properties as of midyear 2024 have declined an average of 43% from their original issuance, CRED iQ reported. The decline has increased by 140 points from six months ago. By valuation grouping, distressed properties valued at less…
Becovic Residential, a Chicago-based multifamily owner and operator, has added two apartment communities to its Edgewater offerings. The Winthrop House, located at 5718 N. Winthrop, was purchased for $10.25 million. The Kenmore Commons property, located at 6134 N. Kenmore, was…
The California Business Properties Association said Friday the U.S. Supreme Court’s ruling that cities can enforce bans on homeless people sleeping outdoors will provide new tools and help California leaders and law enforcement address homeless encampments, in conjunction with providing…
Ruppert Properties has signed two leases at 270 Technology Park in Frederick County, Maryland. Shimadzu, a global corporation specializing in manufacturing scientific instruments, has leased approximately 5,000 square feet of space at 5330 Spectrum Drive. This lease extends Shimadzu’s occupancy,…
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