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Asia Capital Real Estate Lands $43M Loan for Tampa Acquisition

Asia Capital Real Estate Lands $43M Loan for Tampa Acquisition
With help from JLL Capital Markets, the company purchased a suburban garden-style property in Hillsborough County.
Jun042021
Image courtesy of NorthMarq
Asia Capital Real Estate has acquired Lola Apartments, a 264-unit Class A community in Riverview, Fla., in Hillsborough County. The seller, a joint venture between Lindell Investments and Investors Realty, was represented in the transaction by NorthMarq Tampa’s Investment Sales team.
Working on behalf of the buyer, JLL Capital Markets secured a $42.8 million acquisition loan through lender CIT Group.
Lola Apartments is located at 9960 Jonas Salk Drive, in the southeast suburban area of Tampa, Fla. The pet-friendly property features one-, two- and three-bedroom units in proportions of 45 percent, 49 percent and 6 percent, respectively, with an average unit size of 968 square feet. Finishes include stainless steel ....

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One Lakeside, Coeur d'Alene's Newest Hotel is Now Open

One Lakeside, Coeur d'Alene's Newest Hotel is Now Open
luxurytravelmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from luxurytravelmagazine.com Daily Mail and Mail on Sunday newspapers.

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New Coeur D'alene, Idaho, Hotel Opens For Busy Summer Travel Season – Hospitality Net

Photo: One Lakeside
Just in time for the bustling summer travel season, downtown Coeur d Alene s newest hotel will officially open on May 1, directly adjacent to the city s eponymous lake. One Lakeside features 29 hotel suites and 40 already-sold residential condominiums, each crafted with quality finishes an d furnished with a bounty of amenities to provide the perfect getaway. The property was developed by Austin Lawrence Partners and is operated by Columbia Hospitality, a Pacific Northwest hospitality management company.
Each suite and residence includes panoramic floor-to-ceiling windows, spacious balconies, chef-ready kitchens and full-size washers and dryers. Guests and residents will enjoy stunning views encompassing Lake Coeur d Alene or downtown, as well as the surrounding Northern Rocky Mountains. One Lakeside is a dog-friendly property in true mountain-town fashion, encouraging the whole family to enjoy its amenities and access to the great outdoor ....

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Asia Capital Real Estate Provides Austin Lawrence Partners with $34M Bridge Loan for High-Rise Development in Durham, N.C.

Press release content from Business Wire. The AP news staff was not involved in its creation.
Asia Capital Real Estate Provides Austin Lawrence Partners with $34M Bridge Loan for High-Rise Development in Durham, N.C.
March 9, 2021 GMT
One City Center in Durham, North Carolina (Photo: Business Wire)
DURHAM, N.C. (BUSINESS WIRE) Mar 9, 2021
Asia Capital Real Estate (ACRE), a global real estate private equity firm, today announced that it has finalized a $34 million bridge loan with Austin Lawrence Partners (ALP) for its ‘One City Center’ mixed-use community in Durham, North Carolina.
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One City Center in Durham, North Carolina (Photo: Business Wire) ....

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