Tag Archives: press release
Charles Dunn Company Closes $1.2 Million Multifamily Sale – dBusinessNews Los Angeles (press release)
Charles Dunn Company Closes $1.2 Million Multifamily SaledBusinessNews Los Angeles (press release)According to Glenn, the seller was looking to reduce management responsibilities while the buyer found the low gross rent multiplier and attractive cash flow greatly appealing. The buyer plans … Continue reading
Charles Dunn Company Closes $1.2 Million Multifamily Sale in Los Angeles – PRLog.Org (press release)
PRLog.Org (press release) Charles Dunn Company Closes $1.2 Million Multifamily Sale in Los AngelesPRLog.Org (press release)According to Glenn, the seller was looking to reduce management responsibilities while the buyer found the low gross rent multiplier and attractive cash flow greatly … Continue reading
Forest City Closes Sale of Met Lofts Apartments in Los Angeles – Trading Markets (press release)
Forest City Closes Sale of Met Lofts Apartments in Los AngelesTrading Markets (press release)The price reflects a total property value of $73.6 million or approximately $280000 per unit, and a cap rate of 4.5 percent based on 2010 net operating … Continue reading
City awards nearly $23 million to create and preserve affordable rental … – Media Newswire (press release)
City awards nearly $23 million to create and preserve affordable rental …Media Newswire (press release)According to a fall 2010 survey by Dupre + Scott Apartment Advisors, tightening of the rental market is expected to continue in the foreseeable future, … … Continue reading
Domain Properties NYC Releases Investors Strategy for Growth in Manhattan … – BigNews.biz (press release)
Domain Properties NYC Releases Investors Strategy for Growth in Manhattan …BigNews.biz (press release)According to the Investors' Strategy for Growth Report, "Market capitalization rate provides a reliable estimate of value but investors in the New York City … read more
Parkway Announces Pending Investment in Atlanta – PR Newswire (press release)
Parkway Announces Pending Investment in AtlantaPR Newswire (press release)On a property level basis, 3344 Peachtree is expected to yield a going-in cash capitalization rate ("cap rate") in the first year of the investment of 6.5%. … and more » read more
COMINAR FURTHER EXPANDS ITS MONTREAL REAL ESTATE PORTFOLIO – DigitalJournal.com (press release)
COMINAR FURTHER EXPANDS ITS MONTREAL REAL ESTATE PORTFOLIODigitalJournal.com (press release)The transaction amounts to $12.2 million and the capitalization rate related to this acquisition is 8.4%. It is to be noted that this property is 97% leased … and more » read … Continue reading
ARTIS COMPLETES $104.0 MILLION OF PREVIOUSLY ANNOUNCED ACQUISITIONS AND … – DigitalJournal.com (press release)
ARTIS COMPLETES $104.0 MILLION OF PREVIOUSLY ANNOUNCED ACQUISITIONS AND …DigitalJournal.com (press release)The purchase price for the property is $48.0 million, which represents a going-in capitalization rate of 6.7%. Artis expects to finance the purchase price … and more » read more
Redesigned Rental Portal Leads Renters to Their Next Apartment Faster – PR Newswire (press release)
Redesigned Rental Portal Leads Renters to Their Next Apartment FasterPR Newswire (press release)"Apartment rents rose across much of the country for a third straight quarter this year(1), and we expect this is primarily due to increased demand … and more » … Continue reading
Senior Housing Properties Trust to Buy 27 Medical Properties for $470 Million – MarketWatch (press release)
Senior Housing Properties Trust to Buy 27 Medical Properties for $470 MillionMarketWatch (press release)However, the purchase price capitalization rate for certain properties, such as the office building attached to Cedars Sinai Hospital, are lower. … and more » read more