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Volume 5 - Number 8 | April 24, 2007
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Sunrise Shareholders Green Light Ventas Buyout
By Sule Aygoren Carranza
After months of heated negotiations, the unitholders of Sunrise Senior Living REIT voted in favor of the buyout offer from Louisville, KY-based Ventas Inc. The transaction is expected to close later this week.
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Deal Watch: JPI Makes $222M Play With Three Boston Assets
By Sule Aygoren Carranza
Luxury apartment firm JPI added 1,601 units to its apartment portfolio through the $222-million purchase of a trio of properties in a suburb of Boston. The communities, Edgewater Hills, Edgewater Terrace and Edgewater Village, were sold by Capital Properties, according to Real Capital Analytics.
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Data Points: Starts, Permits Fall Once Again
By Sule Aygoren Carranza
Whether it was due to credit restraint on the part of developers or the increasingly difficult construction environment, starts for multifamily projects fell by 6.8% between February and March to 262,000 units. That follows a month-over-month decrease of 9.3% in February and a 24.2% January decline.
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