Preferred Apartment makes Tampa apartment investment [Seeking Alpha]
SENIOR HOUSING PROPERTIES (SNH)
Last senior housing properties earnings: 11/7 07:00 am
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US:NYSE Investor Relations:
snhreit.com/investors/default.aspx
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Source: Seeking Alpha
It's starting out as a loan of $18.7M to help fund development of a 392-unit multifamily community in Tampa. With the investment, Preferred Apartment (NYSEMKT: APTS ) got an option to buy the asset once it's stabilized at a discount to the market price. The development is part of the Wiregrass master-planned community which has been approved for more than 10K homes, 2.7M square-feet of retail, 1M square-feet of industrial, a 138-acre sports complex, and 2.6M square-feet of office. Now read: Senior Housing Properties Trust 2016 Q3 - Results - Earnings Call Slides »
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