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The sponsor of this deal has a long 20-year history with a national big box retailer who wishes to double it's store footprint. The sponsor originally developed the current facilities of the retailer, and will build the new facilities as well. The sponsor owns the land on which the new facilities will be built, and approvals have already been received. Sponsor is opening this opportunity for an equity investors to move the project on to the next phase. Please call us for more details, or to hold formal discussions with the deal sponsor..
A national multifamily REIT in serious talks with the sponsor of this project to take major stake in this 300-unit, market-rate development. The sponsor owns the site free and clear, and has some of the approvals for the project. The location requires minimum infrastructure development, and market demographics show a significant demand for this project. The national multifamily REIT will be the operator of the completed asset, at which time the sponsor and its equity investor will exit the project. An equity investor is being sought to move this project forward, while final approvals are obtained, and final contracts are signed by the REIT operator.