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Editorial Results (free)

1. MED Files $1.3 Million Permit for Improvements -

877 Jefferson Ave. Memphis, TN 38104

Permit Cost: $1.3 million

Project Cost: TBA

2. Company Files Loans on Hickory Hill Complexes -

Philadelphia-based real estate investment company Resource Real Estate has filed trust deeds on The Woods at Ridgeway and Waterstone Landing apartment complexes in Hickory Hill.

Both loans were filed Sept. 27 through Berkadia Commercial Mortgage LLC. Resource Real Estate executive vice president Kevin Finkel signed both loans.

3. Sale Could Bring Improvements To Bella Vista -

Like many projects companies launched before the recession hit, the plan for rejuvenating the 432-unit Bella Vista Apartment Homes in Hickory Hill began with such promise.

In March 2007, a newly formed company, Maple Creek Advisors LLC of Dallas, made its first multifamily acquisition with plans to invest $4 million of renovations in the property.

4. High-Dollar Deal Boosts Commercial Real Estate -

Following what has become a pattern, the local commercial real estate market in September was salvaged by one large deal that offset an otherwise dreary month.

This time it was Resource Real Estate Inc. to the rescue. The Philadelphia-based company bought the Wyndridge Apartments for $9.5 million Sept. 29 and carried the weight for Shelby County’s commercial activity during the month.

5. Resource Real Estate Files Loan on Wyndridge -

Philadelphia-based Resource Real Estate Inc. has filed a $13 million trust deed through Varde Investment Partners LP for the Wyndridge Apartments in Hickory Hill North.

6. Q3 Multifamily Occupancy, Absorption Rates Improve -

The Memphis multifamily market fared well during the third quarter amid a difficult economy, as occupancy rates and absorption improved, according to the latest data from CB Richard Ellis Memphis.

7. New Owner Hopes to Improve Apartment Complex -

Philadelphia-based Resource Real Estate Inc. has pulled the trigger on Shelby County’s third-largest commercial real estate deal of the year, paying $9.5 million for the Wyndridge Apartments in a special warranty deed.

8. Archived Article: Real Recap - PUT INTERVIEW ITEM HERE

Turley Begins Shrine Building Conversion

66 Monroe Ave.

Memphis, TN 38103

Cost: $9.5 million

Borrower: Shrine Investment Co.

Lender: First Tennessee Bank NA

Trustee: Thomas F. Baker IV

Property: 0.17 a...

9. Archived Article: Digest - Wyndridge II and III Sell

Wyndridge II and III Sell

For $12.1 Million Each

FSP-Wyndridge has purchased Wyndridge II and Wyndridge III apartments from EQR-Wyndridge for $12.1 million each. Both properties sit on 26.62 acres and have a listed...

10. Archived Article: Wyndridge Lj - lj 10/5 cates National REIT acquires Wyndridge Apartments By LAURIE JOHNSON The Daily News Two sections of an East Memphis apartment complex have been purchased by the nations largest multi-family real estate investment trust for $30 million. Chicag...