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Volume 4 - Number 15 | July 25, 2006
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TOP STORY: Value Investor Makes $166M Sale in VA, NC
By Sule Aygoren Carranza
Value-add investor Real Estate Partners Inc. has recently shed a 2,400-unit multifamily portfolio comprising eight properties in North Carolina and Virginia. Core Realty Holdings LLC of Newport Beach, CA bought the communities for $166 million.
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DATA POINTS: DC, Mid-Atlantic Markets Still on Top
By Sule Aygoren Carranza
Occupancy and absorption levels are up, and rents, for the most part, are improving in apartment properties throughout the Mid-Atlantic/Baltimore region. So says a recently released midyear study of the Greater Washington, DC, Baltimore and Philadelphia areas by Delta Associates.
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DEAL WATCH: $247M Allows for High-Rise Condo Development in OC
By Sule Aygoren Carranza
A new high-rise condominium development is under way here, thanks to $247 million in financing put together by Buchanan Street Partners. The Newport Beach, CA-based firm secured a $215-million construction loan and a $32-million mezzanine loan for Skyline at MacArthur Place.
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Flurry of Seniors Housing Deals Continue With Two More M&As
By Sule Aygoren Carranza
Following its sale of six skilled nursing portfolios to GE Healthcare Financial Services for $1.4 billion, Formation Capital, LLC has teamed up with a private investor on another large deal in the seniors housing arena--the $620 million acquisition of Maitland, FL-based Tandem Health Care Inc.
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