LNR Partners Sells 399-Unit Multi-Family Asset to Weidner for $36M

By Alex Girda, Associate Editor In a $36 million deal, Weidner Investment Services has acquired the Apartments at Steele Park  from an affiliate of LNR Partners L.L.C.  Weidner paid a per-unit rate of $90,395 for the 399-unit complex located at 411 East Indian School Rd., the Phoenix Business Journal reported. Cassidy Turley BRE Commercial executive vice […]

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REIT Report

U.S. equity REITs are currently required to pay out 90 percent of taxable income to shareholders in the form of dividends to maintain their REIT status. These steady dividend streams are important to REIT investors, so many analysts will look at AFFO payout ratios to determine whether REITs will be able to maintain their current…

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