At $2.9 billion, residential investments – across 25 apartment communities and 4,400 single-family rental homes – account for 44% of Income Property Trust’s overall portfolio.
About 43% of the firm's CRE-related on-balance sheet alternative investments consisted of historical principal investments that Goldman Sachs intends to exit over the medium term, according to an investor presentation.
“We re-developed this necessity-based retail asset in 2017 as we were experiencing increasing sales volumes at this center and anchor tenant demand. We added some best-in-class retailers, such as Publix and Dicks, and it was time to harvest the gains from our efforts”, said Bill Leitner, Managing Principal, Merchants Retail Partners, LLC.
“Rivertop Apartments is uniquely located on an elevated site with scenic views of the Cumberland River within the vibrant Nashville market,” said Aaron Wessner, Managing Director, Head of Capital Markets, Cantor Fitzgerald Asset Management.