September 02, 2015 at 09:00 AM
1 minute read
A Canadian REIT has scooped up a Cooper City luxury apartment community, paying $55.7 million for a new 252-unit low-rise community.
Ontario-based Morguard Corp., a REIT and real estate firm publicly traded on the Toronto Stock Exchange, bought the Jefferson Monterra luxury apartment community from investor Starwood Capital Group, a Greenwich, Connecticut fund. The deal closed September 1.
Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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