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The former executive team of Monogram REIT makes a major re-entry into residential.
A diverse group of nearly 50 LPs contributed while the company committed $400 million.
The acquisition is Avanti's third South Florida investment in the past six months.
The deal could value the skyscraper at $2.85 billion.
Time is running out on a favorable tax benefit.
Hospitality platform AvantStay raised $160 million in Series B funding, spotlighting ongoing investor interest in this new asset class.
Returns require up to 20% more space and labor than order fulfillment.
Would-be business travelers are increasingly substituting technology for in-person meetings.
Not surprisingly, these companies find that distribution centers and self-storage real estate are generating strong returns.
The absence of large projects pushes nonresidential starts lower, however the underlying trend remains positive.