Blog Archives
Noble Bolsters National Hospitality Portfolio with 109-Room Downtown Tampa Buy
Noble Investment Group, which specializes in acquiring extended-stay hotels affiliated with Marriott, Hyatt, Hilton and Intercontinental brands, acquired the Residence Inn by Marriot Tampa Downtown. The Atlanta-based firm acquired the 109-key hotel from Dallas-based Ashford Hospitality Trust (NYSE: AHT) for $ 24 million, or about $ 220,000 per room. Ashford originally acquired the downtown Tampa […]
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Atlantic Housing Foundation Refinances 3,500-Unit Portfolio
Dallas-based Atlantic Housing Foundation has refinanced a portfolio of affordable and student housing properties it owns in Texas, Florida and South Carolina. Hunt Mortgage Group provided $ 187 million in financing. The portfolio consists of more than 3,500 units of affordable and student housing in 16 properties. Many of the units are affordable to tenants […]
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Starwood Property Trust Snaps Up Another Florida Affordable Housing Portfolio for $600M
Starwood Property Trust Inc. (NYSE: STWD) has agreed to buy 28 properties with a combined 6,185 affordable housing units in Orlando, Tampa and other major Florida markets for $ 600 million. Starwood, the nation’s largest commercial mortgage REIT, announced the signing of a definitive agreement to acquire the institutional-quality portfolio in an off-market transaction. The […]
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Singapore Investor Acquires 14-Property Data Center Portfolio for $750 Million
The year-end closing spree is in full effect, as witnessed by this week’s execution of Carter Validus Mission Critical REIT’s sale of 14 data center properties from Atlanta to San Diego. The buyer, a joint venture between an affiliate of Mapletree Investments Pte Ltd. and Mapletree Industrial Trust of Singapore, closed Dec. 20 on its […]
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Ashford Prime Making Progress on Lux Remake of Hotel Portfolio
With one property divestiture in the books and a pair of others in the works, Ashford Hospitality Prime Inc. is moving ahead with its strategy to own solely luxury hotels and resorts. The Dallas-based REIT has reached terms with Marriott to convert its Courtyard San Francisco Downtown hotel to an Autograph Collection property. It also […]
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