Deadline set for $600m+ lot.A May 26 bid deadline has been set for a 32-property multifamily portfolio offering announced earlier this month by Cushman & Wakefield and Apartment Realty Advisors (ARA Ara or Arrah (both: ŭ`rə), city (1991 pop. 157,082), Bihar state, NE India, on the Son Canal. A major road and rail junction, it is the administrative center for a district that produces grain, sugarcane, and oilseed. ). The firms are jointly marketing the national portfolio--which includes 9,200 units in Arizona, Florida, Illinois and Texas--on behalf of a partnership involving Alliance Holdings and Kuwait Finance House (KFH KFH Kuwait Finance House KFH Kaiser Foundation Hospital KFH Katonai Felderíto Hivatal (Military Intelligence Office; Hungary) ). Representing one of the largest multifamily offerings this year, the portfolio includes solid, well-located assets with value-added components and significant condominium conversion potential. Completely unencumbered Unencumbered Property that is not subject to any creditor claims or liens. Notes: For example, if a house is owned free and clear (meaning the owner owes no mortgage to anyone), it is unencumbered. , it is expected to trade in excess of $600 million. "We are entertaining bids for the entire offering, as well as sub-pools and individual properties," noted Andrew Merin, a Cushman & Wakefield executive vice president who is heading activities for his team. "Additionally, our client may entertain pre-emptive pre·emp·tive or pre-emp·tive adj. 1. Of, relating to, or characteristic of preemption. 2. Having or granted by the right of preemption. 3. a. bids." |
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