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A higher price-to-rent ratio favors renting over owning.
Thor has also recently expanded into the data center sector.
The two properties traded for $20.3 million.
It expects to close $350 million over the next six weeks.
The lease is more than double the size of similar deals in the area last year.
QuadReal Property Group was the lender and Walker & Dunlop arranged the loan.
The shopping centers are located in the Midwest and Florida.
The mixed use tower is 50% pre-leased prior to breaking ground.
With an effecting asking rent increase of 5.4%, Fargo is tied at No. 8
A partnership acquired the rights aiming to develop a Park Ave. office tower.