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.
The firm's newly launched Fund IV, is a value-add workforce housing fund that will focus on expanding Monument's presence within Sunbelt markets, as well as select areas of the US Midwest, where it already has a presence.
“This was a very challenging lease transaction with competition from two other buildings in Waterford at Blue Lagoon, both capable of accommodating Parbel's requirements,” says C&W's Mendoza.
We lack the demand drivers necessary to generate the significant projects required to transform Downtown Jacksonville into the thriving area that many want to see.
In the aggregate, the four buildings are 87.7% leased and were acquired at an average capitalization rate of 5.3%. The properties expand Healthcare Realty's presence in three of its top markets and extend its relationships with three market leading, investment-grade health systems.