Compressed Cap Rates Push Multifamily Investors to Forgo Older Assets
The delta between cap rates for older and newer multifamily assets narrowed so much investors see few reasons to buy older buildings
Source: wealthmanagement.com
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Bonaventure Expands Multifamily Footprint With Acquisition of 178-Unit Vida East Apartment Community in UPREIT Transaction
ALEXANDRIA, VA - Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, announced the formation of a strategic partnership with Richmond, Va.-based SNP Properties LLC to acquire ownership interest in Richmond's Vida East Apartments as part of an UPREIT transaction. Commented Dwight Dunton, Bonaventure founder and CEO: “We’re...
Source: multifamilybiz.com
ADDING MULTIMEDIA Bonaventure Expands VA Multifamily Footprint Acquiring Richmond, VA's Vida East Apartments as Part of UPREIT Transaction
Press release content from Business Wire. The AP news staff was not involved in its creation.
Source: apnews.com