Asset Class: Multifamily
Cap Rate Limbo: How Low Can They Go?
“The hardest part of the equation right now is the exit strategy underwriting,” says Darron Kattan, managing director at Franklin Street Real Estate in Tampa, Fla.
Learn MoreBriefcase: Franklin Street
Franklin Street managed the $2.393 million sale of a 36-unit apartment building at 447 N.E. 125th St. in North Miami.
Learn MorePonce Hotel sells
An intown Atlanta hotel has a new owner. The Ponce DeLeon Hotel, located just blocks from the future Ponce City Market, has sold for $1.6 million, according to Fulton County...
Learn MoreMore Money: 2014 Multifamily Investment Forecast
What’s in store for multifamily investors in the new year ahead?
Learn MoreRiver Oaks Sold for $8.8M
A private investor acquired the River Oaks apartments at 4102 Oak Knoll Ct. in Tampa, FL from WISCO LLC for $8.8 million, or about $34,000 per unit.
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