The 17-story 1405 Point in Harbor Point has a new majority owner. Armada Hoffler Properties Inc. acquired a controlling stake this week in the waterfront high-rise apartment tower that opened last spring. The deal dates back to 2015 when Armada Hoffler provided Harbor Point developer Beatty Development Group with up to $23 million in mezzanine financing. Armada Hoffler has now acquired a 79 percent ownership stake in the property under an option it was given in the financing deal. The company…
from https://www.bizjournals.com/baltimore/news/2019/04/26/armada-hoffler-takes-controlling-stake-in-harbor.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/184461387817
No comments:
Post a Comment