Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Friday, 04 January 2013

Louisville, Ky., Apartment Complex Sells for $39.2Mln

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A venture led by Wharton Equity Partners has paid $39.2 million, or $56,894/unit, for the Park at Hurstbourne, a 689-unit apartment property in Louisville, Ky.

The purchase price results in a capitalization rate of around 7 percent.

JPMorgan Chase Bank has provided a 10-year loan in the low $30 million range to help fund the property's purchase from Medford Property Co. of Louisville, which was represented by Cushman &...


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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

  • Breaking mortgage, CMBS, and REIT news

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Louisville
  • States: Kentucky
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $25 million and $50 million
  • Private: Yes
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Data Digest







Top Bookrunners
Private-Label CMBS - FY2014
Inv Bank #Deals Bal $mln MktShr%
Deutsche Bank 27.1  23,479.37 26.3
JPMorgan 18.6  13,752.01 15.4
Wells Fargo 17.2  13,085.05 14.6
Goldman Sachs 9.0  7,896.25 8.8
Citigroup 9.1  7,526.97 8.4





cppichart FP





Top Loan Contributors
Private-Label CMBS FY2014
Lender Vol $mln MktShr%
Deutsche Bank 14,005.13 16.0
JPMorgan 11,440.63 13.0
Wells Fargo 5,849.16 6.7
CCRE 5,750.69 6.6
Citigroup 5,604.13 6.4





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