Sale Marks One of the Largest Educational Property Transactions PHOENIX, Arizona – A portfolio of five charter school properties in Florida has been sold for $71.48 million. The transaction is one of the country’s largest educational-based property deals, striking a new level of prominence for this category of commercial real estate. “This marks a watershed …
Colliers Sells Five Florida Schools Portfolio for $71.48M Read More »
BW RRI IV, LLC, a partnership between a Singapore investor and Westmont Hospitality has won the bidding for a Red Roof Inn portfolio which contains 89 hotels with 10,715 rooms. Their winning bid of about $600 million ($55,996 per room) beat out runner-up Blackstone, which wanted to convert the properties to its Motel 6 brand. …
Two Tucson Red Roof Inns Sell in $600 Million Portfolio Sale Read More »
Prestige Assisted Living at 1175 S Abrego Drive in Green Valley, Arizona changed hands for $13.9 million ($178,205 per unit) in a portfolio of eight properties to Ventas, Inc. of Chicago, Ill. Prestige will continue to operate the facility under the name of Prestige Assisted Living of Green Valley. The 39,812-square-foot Green Valley facility (built …
Chicago REIT Acquires Prestige Assisted Living of Green Valley for $13.9 M Read More »