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Tower 16 is entering the Reno market with this deal as well as returning to Nevada.
Rising HOA fees and surging insurance premiums are pushing prices and sales down.
The developers secured $106 million senior recycled tax-exempt bond funded loans and subsidy loans.
Maverick Real Estate Partners has acquired $247 million in debt backed by eight New York properties.
The number of abandoned and deferred projects increased in the second half of 2023.
So far it has contracts on 37 properties for $253 million.
It will invest in value-add real estate assets, mainly in the industrial, multifamily and specialty sectors.
The cost increase will vary from 3.5% to 6% depending on the city.
There are several broad categories to restructure and manage existing debt.
Psychographics too also provide interesting insight into visitors.