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 Opportunity Zone program appears to be attracting significant amounts of capital, and many investors we have spoken to have mentioned multifamily as perhaps the best property segment for investment under the program."
“The relocation and extension of the PBS lease is also indicative of our plan to retain and attract diverse industries to National Landing, including associations and non-profits.”
Middleburg says that it will continue to raise capital and add other assets and high net investors to the fund, which is expandable to $75 million and offers Middleburg the capacity to invest in approximately $250 million of assets.
The Raleigh, NC-based student housing owner-operator purchased the 288-bed, 58-building complex located less than two miles from the University of Texas—San Antonio, in partnership with Hong Kong-headquartered investment firm Centaline Investment Management Co.
Douglas Development Corporation's original loan for the 200-key, 14-story hotel at 1011 K Street NW in Downtown Washington, DC was comprised of $35-million loan held by BHI and a $10.6-million mezzanine piece held by another investment firm.