The REIT has sold its eight remaining student housing properties that total more than 6,000 beds. : Preferred Apartment Communities has sold out of the student housing sector by selling an eight-property portfolio to TPG Real Estate Partners for $478.7 million. CBRE marketed the portfolio and the transaction is expected to close in the fourth quarter of 2020. The portfolio totals 6,095 beds spread throughout Arizona, Florida, Georgia, North Carolina and Texas. In Texas, the portfolio includes the 808-bed The Tradition in College Station, the 556-bed The Block in Lubbock and the 840-bed Ursa in Waco.
The new ownership, Pebb Student Living and Coastal Ridge Real Estate, will rebrand and improve the 456-bed property. : The partnership of Pebb Student Living and Coastal Ridge Real Estate has acquired The Cadence, a 456-bed student housing community in Tucson, Ariz., in a $33 million deal. The joint venture plans to rebrand and improve the property. Built in 2013, the two-building community comprises studio, one-, two-, three-, four- and five-bedroom apartments, with washer/dryer units. Common-area amenities include a fitness center, clubhouse, swimming pool, spa, rooftop terrace and business center.
Imran Chaudhri and Bethany Bongiorno helped create some of Apple's biggest hits. Now their startup Humane is at work on something ambitious--and mysterious. In 2017, two of Apple's top design and technology executives decided to leave the company to start their own venture with an ambitious vision: to create the next big computing paradigm. That startup, called Humane, is now announcing that it has raised $30 million in a series A round of venture funding to continue developing its mysterious product.
Realio Partners With $250m+ Valentus Fund To Tokenize Institutional-grade Investment Opportunities | Business Wire
NEW YORK--(BUSINESS WIRE)-- #blockchain--Realio partners with Valentus Capital to tokenize $250M fund. : Established by Wall Street veterans and blockchain experts, Realio and Valentus's new SEC-compliant peer-to-peer (p2p) ecosystem (Valentus Digital) seeks to make institutional-quality investments accessible to everyday investors NEW YORK--(BUSINESS WIRE)--Realio, the technology ecosystem for institutional-grade digital assets, announces a partnership with Valentus Capital Management. The partnership enables the digitization of an array of private equity opportunities, as well as the issuance of a Valentus Digital platform token.
<p id="speakable-summary">VC and corporate investment into climate tech grew at a faster rate than overall VC investment as a whole between 2013-2019, according to a report — to the tune of $60 billion of early-stage capital.</p>
French oil major Total added another 3.3 gigawatts of Spanish solar to its renewables portfolio on Friday as it chases down a target of 25 GW by 2025. The company also revealed it has signed a corporate power purchase agreement for 6 TWh of power from around 3 GW of its Spanish solar portfolio. That makes it the largest corporate PPA in the world. Google signed a 1.6 GW deal across 18 projects last year. Offshore wind giant Orsted's 920 MW-deal with Taiwanese chipmaker TSMC is the largest deal for a single project.
The two facilities encompass 150,000 square feet and approximately 1,600 units in Lutz and St. Petersburg, Fla.: Strategic Storage Growth Trust II, a private trust affiliated with SmartStop Self Storage REIT, has completed the acquisition of a two-property portfolio totaling 1,580 units spread across 150,000 square feet in St. Petersburg and Lutz, Fla. The seller, Crow Holdings, had owned the assets in two separate partnerships with private capital firms, according to public records.
America is now exporting more energy than it imports, due to a massive shift in oil production that took place over just under two decades.
Greenlight Financial Technology, the startup behind an app and debit card for kids, has joined the unicorn club after closing a $215 million Series C funding round at a $1.2 billion valuation.
The economy is far from fully recovered and some growth engines appear to be losing momentum. Yesterday, we learned that 870,000 American workers filed new unemployment claims last week. The good news is that this was the fourth consecutive week the number was below 1 million.