Lument Arranges $50 Million to Refinance Two Texas Multifamily Communities
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NEW YORK, Jan. 14, 2021 /PRNewswire/
Lument has provided two conventional multifamily loans totaling $50 million to refinance two Texas apartment communities, The Palazzo in San Antonio and Fairways at South Shore in League City, a suburb located between Houston and Galveston. The sponsor, Venterra Realty, owns and manages apartments in six states that are home to more than 29,000 people. Colin Cross, a managing director based in Lument s Dallas office, originated the transaction. These financings for properties owned by one of the premier multifamily owners in the country highlight our capacity to match the funding source and the execution to the specific circumstances surrounding a property, Cross said.
Venterra Realty Acquires Atlanta Apartments
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Venterra Realty acquires 505-unit community, The Harrison, in Atlanta, GA
SANDY SPRINGS, Ga., Dec. 16, 2020 /PRNewswire/ Venterra Realty acquired The Harrison Apartments in the Atlanta suburb of Sandy Springs, GA on December 15. This acquisition marks the first in Sandy Springs and the 11
th in Georgia.
The Harrison is a garden-style property, built in 1975, with 505 apartments spread out over 40 acres. Located just south of I-285 along Roswell Road, inside the Perimeter, the property s convenient access to I-285, provides residents easy access to Perimeter Center, Pill Hill, and Buckhead.
The Harrison Apartments in Sandy Springs, GA