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Crescent's BFR initial strategy centers around Atlanta, Charlotte, Charleston, and Raleigh.
The funds will help live venues, museums, movie theaters, and restaurants regain their footing following a devastating 2020.
Sale listings increased and the average asking price per square foot rose 5.6% from Q4 2020.
Including the land acquisition cost, Power REIT's total capital commitment to the project is approximately $2.95 million.
One owner sees returns in the mid-teens.
The acquisition complements other strategic acquisitions of clinic operators presently being pursued by Myconic.
From pro forma metrics to questions about its business model, WeWork's plans are raising doubts in some quarters.
Hines and Urban Street Development are building the 180,000-square foot mass timber office building.
The move is the latest in a string of bold office shifts by top global companies who are rethinking their occupancy strategies post-COVID.
Sustainability-linked bonds and loans are growing in popularity as they link financing terms to investor-favored ESG targets.