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  • Real Estate Fund Quietly Purchases Entire Community Of 233 Single-Family Rental Homes In Panama City, Florida
    Real Estate News

    Real Estate Fund Quietly Purchases Entire Community Of 233 Single-Family Rental Homes In Panama City, Florida

    July 22, 2022 /

    Genuine estate expense system Fundrise just lately obtained Sunset Village, a group of 233 detached, one-relatives rental properties in Panama Metropolis, Florida. The obtain was created by a joint undertaking between two Fundrise-sponsored funds: the Flagship Genuine Estate Fund, which was backed by Goldman Sachs Team Inc. (NYSE: GS) past 12 months with a $300 million credit history facility, and the Progress eREIT VII. The joint undertaking obtained the neighborhood for close to $110.2 million from a developer who completed development of the houses in February 2022. In accordance to Fundrise, approximately 52{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of the houses have been occupied at the time of acquisition. The community is made up of…

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    Jerry Schmidt Comments Off on Real Estate Fund Quietly Purchases Entire Community Of 233 Single-Family Rental Homes In Panama City, Florida

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