Melville, NY-based A&G Realty Partners is set to auction seven department store properties formerly owned by The Bon-Ton Stores, Inc., on Sept. 20 in Chicago. All bids for the fee-owned properties in six states are due Sept. 18. The stores range in size from 46,000 to 150,000 square feet, and are located in Michigan, Illinois, Indiana, Ohio, New York
Bahrain-based Investcorp, with U.S. headquarters in New York City, acquired a portfolio of 11 apartment properties from Equus Capital Partners for $370 million. The 2,615-unit deal represents Investcorp’s largest U.S. real estate portfolio acquisition completed in the past decade. “As one of the most active investors in U.S. multifamily real estate, our real estate investment
Meridian Capital Group arranged $150 million for the refinance of the Mid-Atlantic Multifamily Portfolio on behalf of AION Partners. The 2,800-unit portfolio includes 10 multifamily properties located in Delaware, New Jersey and Pennsylvania. The 10-year Freddie Mac loan, provided by Capital One Multifamily Finance, features a LIBOR-based floating rate and five years of interest-only payments.