Nuveen Sells Denver-Area Community for $435M multihousingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from multihousingnews.com Daily Mail and Mail on Sunday newspapers.
First Capital REIT Announces Expansion of Strategic Partnership and Monetization of a Portion of its Density rights in Greater Montreal Development
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TORONTO, Dec. 17, 2020 /CNW/ - First Capital REIT ( First Capital ) (TSX: FCR.UN), a leading developer, owner and manager of mixed-use real estate located in Canada s most densely populated cities, announced today a firm agreement to sell a 50% non-managing interest in a geographically diverse portfolio of six grocery anchored properties as well as a 100% interest in a portion of the development land at Place Panama on Montreal s south shore, for an aggregate combined sale price of approximately $115 million.
Transwestern, Trammell Crow Sell Denver Community
JLL Capital Markets represented the sellers in the disposition of the 164-unit Alexan Cherry Creek. Dec112020
Image courtesy of Transwestern
Recently-completed Alexan Cherry Creek, a multifamily development in the Cherry Creek submarket of Denver, has changed hands. The seller of the 164-unit apartment community located at 55 Cook St. is Transwestern Investment Group (TIG) and Trammell Crow Residential (TCR), the multifamily development company of Crow Holdings.
Features and finishes of the apartment community’s residences include stainless steel appliances, ceramic tile backsplashes, quartz countertops and walk-in closets. A swimming pool and spa are among the most prominent of the community’s common-area amenities.