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Private Real Estate Daily

from Private Wealth Daily

The edition as it went to readers: 5 stories.

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The lead

Braemar puts Four Seasons Scottsdale under contract for $372M

The agreement brings disclosed hotel sales to about $1 billion to fund the $480 million Ashford termination fee.

The Wrap

VIRTUS secures £2.45bn from 13 banks for UK and European data-centre build

The package includes a £1.2bn green capex facility available through term and revolving tranches.

Real estate debt

Merchants Capital announces $97.8 million financing for Stuart Gardens rehabilitation in Newport News

The financing comprises $62.8 million in HUD 221(d)(4) permanent financing and $35 million in equity bridge loans, Connect CRE reports.

Sectors

Taco Bell's 254,162-square-foot lease is Orange County's largest in five years

JLL data show countywide vacancy down to 15.4 percent and average asking rents up to $3.02 per square foot per month.

Fundraising

BAM Capital's Ivan Barratt calls this the best apartment buying opportunity in 16 years

The Indiana manager's founder cites slowing construction starts and roughly 13% of multifamily loans maturing this year as his setup for buying.

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