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Real Estate
The GSH Group Announces Sale of Foote Hills Property, Achieving Impressive Investor IRR of 15.25%
CLAWSON, Mich., April 9, 2024 /PRNewswire/ -- The GSH Group, one of the nation's fastest-growing multifamily real estate investment companies, is thrilled to announce the successful sale of its Foote Hills property in Grand Rapids, Michigan. The sale resulted in an impressive ~18% IRR,...
Agent PHL Brokers 19-Unit Multifamily Sale in Philadelphia for $6,700,000
PHILADELPHIA, April 10, 2024 /PRNewswire/ -- On behalf of The Seller, Agent PHL has formally announced the sale and settlement of 1519 Ridge Avenue in Philadelphia, Pennsylvania. The investment sale was brokered by Ryan McManus, principal of Agent PHL at Compass RE — in...
SUNSTONE HOTEL INVESTORS TO ACQUIRE HYATT REGENCY SAN ANTONIO RIVERWALK
Inclusive of the incentives offered by Hyatt, the net purchase price implies a value of approximately $352,000 per key and represents an 11.1x multiple on the midpoint of the Company's estimate of 2024 hotel EBITDA and a 8.0% capitalization rate based on the midpoint...
ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN PLAN TO PAY OFF STRATEGIC FINANCING WITH CLOSING OF SALE OF THE HILTON BOSTON BACK BAY
DALLAS, April 10, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 390-room Hilton Boston Back Bay in Boston, Massachusetts for $171 million ($438,000 per key). All of...
FCP ACQUIRES HICKORY LAKE APARTMENTS IN ANTIOCH, TN
CHEVY CHASE, Md., April 11, 2024 /PRNewswire/ -- FCP® announces the acquisition of Hickory Lake Apartments, a 322-unit multifamily property at 3940 Apache Trail in Antioch, TN in the Nashville MSA. The acquisition of Hickory Lake marks FCP's 6th transaction in the Nashville market, and the...
Two Acquisitions in Hobbs, New Mexico: 3901 North Central Phase I, LLC Purchased Windscape Phase I for $21 Million; 3901 North Central Phase II,...
HOBBS, N.M., April 11, 2024 /PRNewswire/ -- Two entities acquired Windscape Apartments Phase I and Phase II in Hobbs, New Mexico on April 10, 2024. 3901 North Central Phase I LLC purchased residential property, Windscape Phase I, with the Real Property value of $21,148,000...