Global CRE Investment

The Gladwyne, PA-based firm has purchased the Fox Chase Apartments, at 7922-36 Barnes St. and the Arendell Avenue Apartments, located at 4308 Arendell Ave. in Northeast Philadelphia, according to Rittenhouse Realty Advisors, which brokered the transaction.

The Loketch Group will complete a like-kind exchange with the proceeds of the sale primarily with development opportunities in Brooklyn.

The financing package consisted of six new Freddie Mac Value Add Green Advantage loans, five loan assumptions from Fannie Mae and $40 million in equity over the entire portfolio.

Summit Hotel Properties has entered into a joint venture with GIC, Singapore's sovereign wealth fund, to acquire assets that align with the company's current investment strategy and criteria.

The 97,538-square-foot retail and office building at 68 King William Street will undergo renovations before housing new tenants.

American Hotel Income Properties REIT is selling a 45-asset portfolio to VCM, Ltd.

The industrial investor partners with an institutional client to purchase the 226,000-square-foot distribution center.

Cinépolis has acquired Moviehouse & Eatery, a dine-in movie theater circuit in Texas with five operating locations and one under construction.