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Beacon Communities Acquires 59-Property Apt. Portfolio for $250 Million

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Boston-based private multifamily firm Beacon Communities has acquired a Pittsburgh-based design-build company and its portfolio of apartment properties totaling 5,300 units in Florida, Louisiana, Kentucky, West Virginia, Ohio and Washington, D.C. in a transaction valued at over $ 250 million, Beacon acquired National Development Corporation (NDC), a developer and builder founded in 1969, along with its portfolio of 59 mostly affordable housing…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

Post Tagged with $250, 59Property, Acquires, Apt., Beacon, Communities, Million, Portfolio

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Today, Tampa is part of the metropolitan area most commonly referred to as the Tampa Bay Area. For U.S. Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C. and Atlanta.[14] The Greater Tampa Bay area has over 4 million residents and generally includes the Tampa and Sarasota metro areas.

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