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The San Antonio, TX property sold for $53.8 million and the company expects to gain more than $12 million from the sale.
The firm has appointed two veterans to lead the division's efforts as executive manager directors and partners.
The company has purchased the facilities, which span 1.3 million net rentable square feet, from Extra Space Storage.
The full-service real estate advisory firm now serves as one of the largest privately-held multifamily brokerage firms in the U.S.
The fund already has $590 million in equity commitments, producing $1.5 billion in buying power.
Home ownership has long been considered a route to building personal wealth. Unfortunately, in some housing markets, prices have gotten so high that…
Apartments and industrial are the favorite asset classes for investors, driving much of the transaction activity.
Liskow & Lewis plans to implement technology-focused renovations within its office space at the class A, 49-story tower, 1001 Fannin.
Year-to-date, the REIT has acquired 625,000 square feet in medical office properties totaling $183 million.
Cabot intends for its new spec development to respond to strong leasing demand in the area for infill class AA buildings.