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fenpxsli
Pfeifenkopp
205 Posts
registered: 26.10.2013
29.10.2013, 08:12 email offline quote 

Trade Street Residential Completes
AVENTURA, Fla.,parajumpers jakke, May 20, 2013 /PRNewswire/ Trade Street Residential, Inc. (the "Company"), a fully integrated owner and operator of highquality apartment communities in targeted growth markets in the southeastern Usa, including Texas, today announced that it has completed the acquisition of two communities, containing as many as 500 apartment units, for an aggregate cost of approximately $63 million. On May 16,www.mazdacarparts.com/2013/10/canada-goose-online-chateau/, 2013, the organization acquired Woodfield St. James, a 244unit stabilized apartment community situated in Charleston, Sc for $27.2 million. May 17, 2013, the organization acquired Woodfield Creekstone, a 256unit newlybuilt apartment community located in Durham, New york, for $35.8 million. "We are pleased to announce the acquisitions of those two communities, successfully deploying capital raised within our recent public offering," said Michael Baumann, Chairman and Ceo of Trade Street Residential. "As we move ahead as a public company, we'll still seek possibilities to increase our property portfolio with the purchase of additional highquality, welllocated communities in vibrant markets over the Sunbelt, which enhance the growth profile and diversification of our cash flows."
Woodfield St. James is really a ClassA gardenstyle apartment community found in the Charleston, Sc, submarket of Goose Creek. The city amenities incorporate a clubroom, business center, resort style pool, health club, and movie theatre. Woodfield St. James was built-in 2009, happens to be 98 percent occupied, and has a typical monthly effective of $901 per unit. The organization promises to put mortgage financing around the property and has obtained a lender commitment for a $19.0 million 10year first mortgage at a fixed interest rate of three.75% with 2 yrs of great interest only payments accompanied by principal and charges based on a 30year amortization schedule thereafter. This loan is expected to shut in June 2013, susceptible to the Company's satisfaction of customary conditions.
Woodfield Creekstone is really a gardenstyle apartment community with resident amenities which include a clubroom with cyber cafe,canada goose sale canada, business center, resort style pool and pool lounge with lcd TV, health club, and movie theatre. Woodfield Creekstone was completed in April 2013, and it is currently 92.6% leased and 83.6% occupied. The purchase was partially funded with a new $23.3 million 10year term first mortgage at a fixed interest rate of 3.88%. Payments are interest just for the first 3 years followed by principal and interest payments with different 30year amortization schedule thereafter. Forwardlooking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and other alike expressions concerning matters that are not historical facts. In some instances, you can identify forwardlooking statements by the use of forwardlooking terminology for example "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or even the negative of these phrases and words or similar words or phrases, that are predictions of or indicate future events or trends and that do not relate solely to historical matters. While forwardlooking statements reflect the business's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. Furthermore,parajumpers, the Company disclaims any obligation to publicly update or revise any forwardlooking statement to reflect alterations in underlying assumptions or factors, of new information, data or methods, future events or any other changes. For any further discussion of these and other factors that could impact the business's future results, performance or transactions, see the section entitled "Risk Factors" within the Company's final prospectus relating to the Company's recent public offering of common stock..
v1g5v6d3
Anfänger
4 Posts
registered: 29.10.2013
29.10.2013, 08:17 email offline quote 

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