Johnson Village Apartments - Charlottesville

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Cornerstone Real Estate Advisers, Inc.

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james Hendersondelete
Tim Reardondelete

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Date02/04/2015
Greenwich Coverage
E-teaser Status
CA Status
IOM Status
Term Sheet Status
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  • Term Sheets Received
  • Executed Confidentiality Agreement Received
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Status for Deal Tracking Report (Most Recent Comment - Custom Comment )
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DEAL TRACKING COMMENTS
DateComment
02/27/2015Passed - Tim Reardon informed me that they no longer have any construction money. They had a construction-to-permanent facility, but "moth-balled" it a year and a half ago. They are focused in the major gateway markets, but for the right story would consider other markets. They do sometimes offer forward commitments/pricings, but Charlottesville did not appear to be an area they would look to do that in. The DC office handles all of the debt in the mid-atlantic, and their equity guys are out of Stamford Connecticut in the home office. -- duke