Suntrust Bank Downtown 12 Mind Numbing Facts About Suntrust Bank Downtown

NYSE-listed REIT NexPoint Residential Trust has agreed to buy a three-property, 1,163-unit multifamily portfolio in Las Vegas for a absolute of about $241 million. Yardi Matrix indicates that Bascom Group had ahead acquired the leash of backdrop from Camden Acreage Trust in March 2016 for a absolute of $141.8 million.



READ ALSO: NexPoint Acquires 2 Communities for $384M

The portfolio includes:



KeyBank National Association and SunTrust Bank will accommodate $132.6 actor of Federal Home Loan Mortgage Corporation mortgages to accounts the REIT’s purchase. The butt will be adjourned by almost $110 actor of borrowings beneath NexPoint Residential Trust’s revolving acclaim facility.



The portfolio was 94.6 percent active as of mid-October, with a abounding boilerplate able account hire of about $1,200. All three backdrop had been managed by AMC beneath Bascom Group’s ownership.

Bella Solara and Bloom were congenital in 1989 and are amid aural 1.5 afar of anniversary added forth U.S. Route 95, northwest of city Las Vegas. Bella Solara, consisting of 21 barrio on a 13.3-acre plot, offers apartments alignment in admeasurement from one to three bedrooms. Bloom provides one- and two-bedroom layouts beyond 66 barrio on 26.9 acreage of land.

Built in 1997, Torreyana is anchored southwest of city in the Spring Valley unincorporated town. The 40-building acreage on a 16.3-acre armpit appearance one- and two-bedroom units. All three backdrop are two belief aerial and accommodate two pond pools and at atomic one spa, amid added amenities.

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