Edition:
United Kingdom

Preferred Apartment Communities Announces Acquisition Of A "Class A" Office Property In Raleigh


Tuesday, 31 Jul 2018 

July 31 (Reuters) - Preferred Apartment Communities Inc ::ANNOUNCES ACQUISITION OF A "CLASS A" OFFICE PROPERTY IN RALEIGH, NORTH CAROLINA THROUGH ITS WHOLLY-OWNED SUBSIDIARY, PREFERRED OFFICE PROPERTIES, LLC.FINANCED ACQUISITION UTILIZING NON-RECOURSE FIRST MORTGAGE LOAN FROM NEW YORK LIFE INSURANCE COMPANY.1ST MORTGAGE LOAN IS ABOUT $114.4 MILLION, BEARS INTEREST AT FIXED RATE OF 4.27% PER ANNUM, HAS TEN-YEAR TERM. 

Company Quote

13.58
-0.49 -3.48%
23 Aug 2019