Search
 

CAPREIT Preps for $500M Multifamily Buying Spree

ROCKVILLE, MD-It is a great time to be a buyer of this asset class, president Dick Kadish tells GlobeSt.com’s Erika Morphy.

By Erika Morphy | Updated on July 06, 2012

(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)

ROCKVILLE, MD-Locally-based CAPREIT is poised to embark on a $500-million asset commercial real estate acquisition spree, principals of the firm tell GlobeSt.com. To be precise, the $500 million refers to the total property value in value-add multifamily acquisitions it plans to make over the next 18 months. To fund these transactions, it will be turning to both existing and new partners to raise $150 million of JV equity that will be leveraged between 65% to 70%, president Dick Kadish says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.