Hunt's managing director, Harris Heller, says the transaction demonstrates strong leasing velocity that was fueled by the quality of the construction and strength of the submarket.
SVN Affordable says it targeted "a specific type of buyer" and structured the transaction with a creative capital stack at market pricing that was compelling for the seller.
Groch will primarily focus on opportunities to deploy capital in the company's merger and acquisition program and to allocate capital that will be invested by its real estate investments businesses—functions he has overseen for the past 10 years.