Transactions
Dec. 23, 2005
DAILY DEALS -- Transaction for Dec. 22
SAN BRUNO - Archstone-Smith has acquired Meridian at the Crossing, a 300-unit community at 1099 Admiral Court, for $101.2 million from a joint venture of Regis Homes, TMG Partners and MacFarlane Partners. Archstone-Smith funded the deal primarily through a tax-deferred exchange and the assumption of $64.5 million of tax-exempt bonds with an interest rate of 4.2 percent. Mary Ann King and Brett Betzler of Moran & Co. brokered the deal.
SAN BRUNO - Archstone-Smith has acquired Meridian at the Crossing, a 300-unit community at 1099 Admiral Court, for $101.2 million from a joint venture of Regis Homes, TMG Partners and MacFarlane Partners. Archstone-Smith funded the deal primarily through a tax-deferred exchange ...
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