Purchase Your Blue Vault Research Subscription
Dec 08 2015
Resource Real Estate Opportunity REIT II Inc., a publicly registered non-traded real estate investment trust, entered into agreements to purchase two multifamily communities for $131.9 million.
The first potential acquisition is located in Boulder, Colorado and consists of 216 units located on approximately 24 acres with a swimming pool and business center. The purchase price is approximately $65.2 million, excluding closing costs. The seller of the Boulder property, TRM – Meredith Park Corp., is unaffiliated with the company.
The second potential acquisition is located in the Chicago suburb of Naperville, Illinois and consists of 319 units located on an approximately 19-acre site with a swimming pool and a fitness center. The purchase price for the Naperville property is approximately $66.7 million, excluding closing costs. The seller, HART Grand Reserve LLC, is unaffiliated with the company.
Go BackRecent News
- Cantor Fitzgerald and Silverstein Properties Announce Joint Venture Partnership with Collins Capital Partners and Kaufman Jacobs and Closing of Construction Financing for Multifamily Opportunity Zone Development in Chesterfield County, VA
- Cultivating Wealth via Specialty Farmland
- Shopoff Sells Del Taco-Anchored Retail Center in Fullerton
- Urban Catalyst Floats Housing Instead Of Offices At Icon/Echo
- ExchangeRight’s Essential Income REIT Acquires $84 Million Portfolio
The time (at Blue Vault's 2nd Annual Broker Dealer Educational Summit) proved extremely informative.
