it was purchasing for $244 million
At Indigo in Redwood City, California, construction continues on plan. We're under contract to purchase this property upon construction completion and anticipate closing the acquisition before our next call. We have commenced leasing at this property and have leased 9% of the 463 apartment homes, also at rents in excess of our underwriting.
it was purchasing for $244 million
At Indigo in Redwood City, California, construction continues on plan. We're under contract to purchase this property upon construction completion and anticipate closing the acquisition before our next call. We have commenced leasing at this property and have leased 9% of the 463 apartment homes, also at rents in excess of our underwriting.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
