The sale of Five Points represents a recurring trend of private equity capitalizing on stabilized secondary market retail centers at value-add pricing as institutional owners shift portfolios toward primary market core/core-plus assets.
American Landmark has acquired Emery Bay at Lakepointe, a 360-unit garden-style asset located in Lewisville, approximately 30 minutes north of Dallas, and the loan amount was $36.59 million.
Maximizing opportunities for affordable housing near transit lines is essential in Seattle and sites such as The Maddux are hard to come by, all of which would not have been possible without the city's funding.
The campus for Jewish Living's 270,000 square feet comprises Frank Residences (113 assisted-living apartments and 77 memory care support suites) and a community center.
As the CRE business prepares to enter a new year, a number of new possibilities are emerging for investors looking to shift strategies and rebalance their portfolios.
Spokane offers opportunities for lower costs than most other markets in the region, which is part of the impetus for Rover.com's lease for nearly 30,000 square feet in the renovated Wonder Building.
Walnut Creek's central East Bay location, proximity to executive and labor force housing, abundance of retail, and lengthy Bay Area commutes will continue to put a premium on offices near transit stations.