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Stock impact report

Florida firm buys student housing complex near Texas State campus [Yahoo! Finance]

Ladder Capital Corp Class A (LADR) 
Last ladder capital corp class a earnings: 2/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.laddercapital.com
Company Research Source: Yahoo! Finance
Centurion Property Group, based in Aventura, Florida, bought the 14-acre complex on Jan. 9 from Palatine Capital Partners of Miami, Hays County property records show. The complex is on Aquarena Springs Drive, east of Interstate 35. ALSO READ: Mormon church investment arm buys nearly 3,000 acres in Hill Country The purchase price was undisclosed, but a limited liability company linked to Centurion took out a $42.5 million loan from Ladder Capital Finance of New York to make the purchase, records show. The Hays County Appraisal District assessed the property's value at $42.6 million last year. Centurion, founded in 2019, says it specializes in buying and "repositioning" student housing near major universities in the southern and midwestern U.S. The firm announced its purchase of Arba on its Instagram page , saying it "expands our footprint into one of the fastest-growing university markets in the country." The 240-unit complex has "strong historical performance" and "long-term Show less Read more
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