Memphis

The unnamed Asian investor will contribute approximately $108 million for a 39% equity interest in the joint venture and ILPT will own the remaining 61% equity interest in the joint venture.

The REIT has a two-phase plan to sell assets in Greensboro, NC and Memphis.

The portfolio contains 12 newly-constructed Tennessee properties, each occupied by Advance Financial.

The first of the VIA Centers broke ground at the Wellpoint Community at Hampton Cove in Huntsville, AL with immediate plans for three additional communities in Tennessee, Florida and New England.

The real estate investor, author and Apartment Building Investing Podcast host describes the real estate investments that he favors over stocks.

NHI, headquartered in Murfreesboro, TN is the managing member and will own 97.5% of the joint venture equity and Bonita Springs, FL-based Discovery will own 2.5%.

Four markets in the State of Florida ranked among the top 15 in the nation for multifamily rent growth, the most of any state.

The Austin, TX-based firm acquired the building from Alliance Partners HSP, which is headquartered in Bryn Mawr, PA.