BTI Partners Raises $19.9 Million In Tax-Exempt Bonds To Fund Construction Of Central Florida Project
The project, dubbed Crossprairie, is slated to become the front door to over 30,000 new homes in the East of Lake Toho Conceptual Master plan area.
The project, dubbed Crossprairie, is slated to become the front door to over 30,000 new homes in the East of Lake Toho Conceptual Master plan area.
Jay Ballard and Ken DelVillar of JLL represented the seller, JMG Realty Inc., in the transaction. The buyer was an affiliate of The ConAm Group.
Mike Donaldson and Nick Meoli of Cushman & Wakefield represented the sellers in the transaction.
Mike Donaldson and Nick Meoli of Cushman & Wakefield represented the seller, Axiom Realty Partners LLC in the transaction. Denny St. Romain, Charles Crapse and Alex Kupp of Cushman & Wakefield represented the buyer.
The team consists of Vice President Chip Wooten and Senior Associate Jeff Gray, who will both transition from within the firm’s Capital Markets team.
The buyer was Southport Financial, one of the largest affordable housing developers/owners in the nation.
The Class A, 192-unit property spans four floors over 188,316 square feet and was purchased by Nuveen Real Estate.
Rand says he is excited to help CFCAR grow and is impressed with the power brokers joining him on the 2021 board of directors.
Construction is expected to take 11 months to complete, with rental applications starting in June 2021.
C&W’s Mike Donaldson and Nick Meoli represented the seller, Lohman Apartments.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
