Real estate investment trust Four Corners Property Trust has acquired a Popeyes restaurant property for $1.6 million. The deal is part of the transaction announced in October 2019 with Seritage Growth Properties and expanded in August 2020. The Popeyes franchisee lease is located in South Carolina, within a highly trafficked and populated corridor, said Four […]
US-based real estate investment trust Preferred Apartment Communities has agreed to sell its student housing portfolio to TPG Real Estate Partners (TREP) for $478.7 million. The portfolio being divested comprises eight student housing communities located across Arizona, Florida, Georgia, Texas, and North Carolina. Put together, the communities have over 6,000 beds with a wide variety […]
Toll Brothers, a US luxury homes builder, has acquired Keller Homes for an undisclosed price in a move to expand into the Colorado Springs market. Keller Homes is a private home building company, which has constructed around 4,000 homes in the Colorado Springs market. According to Toll Brothers, Colorado Springs is a dynamic housing market that […]
Elevation Financial Group, a Florida-based real estate private equity company, said that it has sold Serenity Townhomes, an Elevation Real Property Fund V asset located at Montgomery, Alabama for $6.9 million. The multifamily community, which has 192 units, marks the sale of the final asset in Elevation Real Property Fund V. Serenity Townhomes, which was […]
Mill Creek Residential, a Florida-based real estate developer, has started construction on the Modera Washington, a mixed-use apartment community to come along Washington Avenue in Houston, Texas. Modera Washington will be an eight-story midrise that will have 341 contemporary apartment homes and a full suite of community amenities. According to Mill Creek Residential, the suite […]
Maya Capital Partners, a real estate investment firm based in New York City, has acquired a 58,000 SF, 505-unit, self storage facility in Sparta, New Jersey for $6.85 million. Previously known as Super Self Storage Center and Bins & Bays Self Storage, the asset is at 19 & 32 White Lake Road. The self storage […]
TerraCap Management, a Florida-based investment firm, has acquired Cobb Corporate Center in Marietta, Georgia and Northwoods Commons in Norcross, Georgia for a total sum of $27.6 million. The two properties put together have eight single-story office/flex buildings totaling 297,000 leasable square feet, and are located strategically in two fastest-growing submarkets in northern Atlanta. Currently, with […]
Private equity firm GTCR has agreed to divest Optimal Blue, a secondary market solutions and actionable data services provider to Black Knight, a provider of integrated software, data and analytics to the mortgage and real estate sectors, for $1.8 billion in an all-cash deal. Black Knight said that it will merge its Compass Analytics business […]
Orion Real Estate Partners, a Los Angeles based real estate investment firm, has acquired Lookout Pointe Apartments, a garden-style apartment community in Provo, Utah. The real estate investment company, which bought the 115-unit apartment community this month, intends to invest nearly $1.1 million in interior and exterior improvements. Lookout Pointe Apartments overlooks Provo from a […]
Hilco Real Estate has announced the sale of a former acute rehabilitation facility in Battle Creek, Michigan with 25 June 2020 set as the bid deadline for interested buyers. Constructed in 2005, the acute rehabilitation facility has 19 patient rooms, 12 private offices, and seven semi-private offices. The building has amenities that are said to […]