In the News
SPNA Plans $1.5B in Multifamily Investments
Commercial Real Estate Direct reports:
“Strategic Properties of North America, which recently paid $53 million, or $106,854 /unit for the 496-unit Meadows Apartment Homes complex in Lakemoor, Ill., is planning on making some $1.5 billion of apartment investments through 2018.
The Lakemoor deal is prototypical of the investments planned by Strategic Properties, according to Yitzy Klor, the Lakewood, N.J., investment company’s chief operating officer and Midwest operations leader.”
Read the full article here.