complexes experience relatively rapid rates of turnover Depending upon local market conditions, annual turnover rates typically range between 65 and 85 percent (Figure 6).
Since 1999, Evergreen has closed private placements for 21 'Collegiate Living' and general use garden apartment
communities, 13 single-tenant, net lease office buildings and one self-storage facility.
in Rahway, a two-story garden apartment
building fully occupied at the time of sale;
Chase Eden is a 232 unit garden apartment
community located on approximately 12 acres on Eden Brook Road also in the Village of Kings Contrivance.
of Sitar Company exclusively represented the undisclosed seller in sale of Borden Village, a 24 unit garden apartment
complex situated on two acres in Point Pleasant, Ocean County.
FIRST UNION ACQUIRES ATLANTA GARDEN APARTMENT
Evergreen Development, LLC today announced the $24,900,000 purchase of a 216-unit garden apartment
community designed for off-campus living in Muncie, IN near Ball State University for a syndicate of private investors.
Rosewell Gardens, an 18-unit garden apartment
complex on the South Amboy Waterfront in Middlesex County, sold for $1.
Evergreen Development, LLC today announced the $32,000,000 purchase of a 324-unit garden apartment
community designed for off-campus living in Tallahassee, Fla.
Most '50s- and '60s-era garden apartment
communities were characterized by their low-rise profiles, brick facades, columns and ornamental metal fences, and were often given bucolic-sounding names, such as Village Green or Sea Breezes.
Evergreen Development, LLC today announced the $29,850,000 purchase of a 288-unit, 816 bedroom "Collegiate Living" garden apartment
community for off-campus housing in San Marcos, Texas serving Texas State University.
7,000,000 in acquisition financing was arranged for a 181 unit garden apartment
complex in Chattanooga, TN.