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.
Under the terms of the GRP I joint venture, Northwestern Mutual will acquire an 85% interest in the 17-center portfolio which is currently valued at $368 million.
On the radio program, the mayor pointed to the city's public housing and affordable housing programs and took a swipe at the City of San Francisco, who he said enacted zoning policies that has transformed it to a city for the wealthy.
It is on track to acquire another local apartment by year end in the Baltimore-Washington Corridor just north of BWI Airport and the NSA headquarters at Fort Meade.
The 23 Class A properties are located in the Atlanta, Austin, Charlotte, Dallas, Denver, Houston, Las Vegas, Nashville, Orlando, Phoenix, Raleigh, San Antonio and Tampa markets.