Preferred Apartments agrees to $47.4M Sarasota purchase
- The Venue at Lakewood Ranch is a 237-unit Class A apartment community in Sarasota. Preferred Apartments (NYSE:APTS) is in discussions with Freddie Mac for a first mortgage at 65% LTV, with seven-year maturity, and interest rate at 1.51% over the 7-year U.S. Treasury yield.
- Source: Press Release
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m
mikelp
09 Mar. 2015
Great acquisition by APTS. Secondary coming soon?