Arden Realty, Inc.

Real Estate Investment

Gray Capital | June 30, 2022

Multifamily investment firm Gray Capital has closed on their acquisition of Club Meridian Apartments, a 406-unit property located in Okemos, MI just east of Lansing, MI. Gray Capital intends to make strategic upgrades at the property, including siding and asphalt repairs, pool upgrades, re-painted balconies, new signage, and other exterior enhancements to boost the curb appeal of the property. Additionally, interior renovations like modern appliances, new flooring, and upgraded co...

Real Estate Investment

JLL Income Property Trust | December 08, 2021

JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with $5.5 billion in portfolio assets, today announced the acquisition of Friendship Distribution Center, a newly constructed, four-building industrial portfolio totaling nearly 650,000 square feet. The Class A properties are located in the Atlanta suburb of Buford, Georgia, home to the premier Northeast Atlanta industrial submarket. The purchase price was $95 million. Read More

Real Estate Investment

The Ascott Limited | July 05, 2022

CapitaLand Investment Limited's (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) announced it is acquiring Oakwood Worldwide (Oakwood), a premier global serviced apartment provider, from Mapletree Investments Pte Ltd. The acquisition increases Ascott's global portfolio by 81 properties and about 15,000 units. Oakwood's approximately 8,500 operational units are expected to immediately contribute to Ascott's recurring fee income streams upon completion of the t...

Real Estate Investment

Staley Point Capital | January 15, 2022

Staley Point Capital ("Staley Point"), a value-add investor focused on infill industrial properties, today announced the off-market acquisition of 18689 Arenth Ave, a 97,000 square-foot industrial asset in the City of Industry, California, for $22 million or $227 per square foot. The transaction represents the firm's first investment in the San Gabriel Valley market. The institutional quality, 86% leased asset is 24-foot clear with eight dock high positions and a fun...