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The deal backs 3650’s forecast that there will be long-term demand for short-occupancy rental units in South Florida.
JLL Capital Markets arranged the financing for 360 Huguenot, which boasts 250 residential units, as well as 3,538 square feet of Class A retail space.
The firm hired Perry Boyle to boost fundraising as it launches a $100m fund.
Respondents see a remarkable revival for the asset class, despite economic and geopolitical headwinds.
The report from analytics firm MSCI and its Real Capital Analytics group also zeroes in on a shift toward niche sectors.
The firm saw its roster of institutional investors spike in its second affordable housing fund.
Illustration of a rocket taking off, followed by a cloud of US dollars
Lenders are gaining the upper hand as well as the ability to build a stronger portfolio.
The Boca Raton-based developer sees ample lender interest in new apartment building in up-and-coming markets.
Local family office FoxRock Properties is redeveloping the former Quincy Medical Center.
Even as interest rates increase, the imbalance between supply and demand will keep driving new residential developments. There are 'more resilient factors' that keep capital flows stable, Precis's Randeesh Sandhu said..
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