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Transcripts For KQED Nightly Business Report 20240714

With gains. Wall street was upbeat and the bond market calm, unlike the prior days which were wild. Ononday stocks dropped 380 points as investors feared annes cattle an escalation of the trade war. About day stocks poppe the same amount. On wednesday it fell 800 points, the worst decline of the year. Today the bulls cameac the dow rallied 326 points to 25,886. The nasdaq was up 129, and the 41. 500 added but todays gains were not enough to lift the major averages for the week. Dominic chu explains what was behind todays rise. Stos staged rebound today and it was a confluence of events pushingar thets higher including talks of war, economic stimulus, upbeat traders. From the stock market has been taking cues from the bond market all week and today global yields bounced back on reports that germany plans to put in place a stimulus plan that moved bund yields off lows which in turn moved u. S. Yield off lows. Bank of america Ceo Brian Moynihan adding to the optimism. He says he see no un

Four Mile Capital Completes Acquisition of 144-Unit Scenic Woods Apartment Community in Manhattan, Kansas for $14 75 Million

MANHATTAN, KS – Four Mile Capital, a privately-held real estate investment firm based in Louisville, CO, has acquired the Scenic Woods Apartments, a 144-unit multifamily community in Manhattan, KS. Scenic Woods, completed in 2012 and sitting on 11 acres, consists of 66 one-bedroom units, 60 two-bedroom units, and 18 three-bedroom units, each unit having its own private balcony or porch. Averaging over 950sf, Scenic Woods boasts some of the largest floorplans in the market. The Prime.

Four Mile Capital Closes Their 14th Acquisition, Their First in the State of Kansas

Four Mile Capital Closes Their 14th Acquisition, Their First in the State of Kansas
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Four Mile Capital Grows Its Portfolio With Acquisition of 212-Unit River s Edge at Manchester Apartments in Richmond, Virginia

RICHMOND, VA - Four Mile Capital (FMC), a privately-held real estate investment firm based in Louisville, CO, has acquired the River’s Edge at Manchester Apartments, a 212-unit multifamily community in Richmond, VA. River’s Edge, built in 2018 and currently 94% occupied, sits on almost 2 acres of land in one of Richmond’s fastest growing submarkets. The distinctive luxury community consists of 131 one-bedroom units, 80 two-bedroom units, and one three-bedroom penthouse, each with its own private terrace. Greystar, has been awarded the property management contract. The transaction closed on April 16, 2021, for $47,500,000, which equates to $224,000 per unit or $252 per square foot. As part of their acquisition, FMC raised over $15M in equity from their network of high-net worth investors and assumed the seller’s $34M Fannie Mae loan with 8 years remaining on the term. This is FMC’s second asset in the Richmond market.

Four Mile Capital Closes Their 13th Acquisition, Grows their Richmond Portfolio

Four Mile Capital Closes Their 13th Acquisition, Grows their Richmond Portfolio Share Article Four Mile Capital, a privately-held real estate investment firm based in Louisville, CO, has acquired the River’s Edge at Manchester Apartments, a 212-unit multifamily community in Richmond, VA. River s Edge at Manchester The success of this transaction speaks to the strength of our relationships and track record of closing, two cornerstones of the business we are building. LOUISVILLE, Colo. (PRWEB) April 30, 2021 Four Mile Capital (“FMC”), a privately-held real estate investment firm based in Louisville, CO, has acquired the River’s Edge at Manchester Apartments (“River’s Edge”, “the “Property”), a 212-unit multifamily community in Richmond, VA. River’s Edge, built in 2018 and currently 94% occupied, sits on almost 2 acres of land in one of Richmond’s fastest growing submarkets. The distinctive

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