Northeast

New York City-based Hunt Real Estate Capital provided the Fannie Mae loan for the 350-unit mid-rise apartment complex.

The Jacksonville-based REIT reports that Martin E. “Hap” Stein, Jr. will transition from chairman and CEO to executive chairman, effective Jan. 1, 2020. He has served as the company’s CEO for more than a quarter century.

BC Partners recently launched a real estate business and established a private credit platform.

The Home Depot, following 20 years at this site, recently exercised its first 10-year renewal option, demonstrating its long-term commitment to the property, CBRE states.

“Our strategy is client-centric. We are not looking to be one of our competitors.”

The three-property portfolio transaction included the $5.3-million sale of Ausonia Apartments, a 26-unit multifamily property with two commercial units located at 501-505 Raritan Avenue in Highland Park, located in Middlesex County NJ.

Investors will read this guidance and understand that it is applicable to the QOF level, further supporting why start-up companies and investors should not invest or seek investment at the QOF level.

The property offers 84,000 SF of buildable space and is currently home to a Shell station, whose lease expires in September 2021.