Original Southeast commercial real estate news & events for Atlanta, Carolinas, Memphis, Miami, Nashville, Orlando and Washington D.C. metro area; plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
True believers and detractors are watching the flexible office space provider, following its obtaining a loan facility that would bolster its initial public offering.
“Our residential platform will continue to grow in D.C., and across the US, from both acquisition and development as we look to establish a platform that exceeds 10,000 units by 2023,” says Oxford's Jeff Turkanis.
Washington Prime was able to arbitrage the unproductive land component of the properties by securing 30-year capital while still maintaining control, according to CEO Lou Conforti.