CAPRE’s Commercial Real Estate Headlines for February 25, 2020: Starwood Real Estate Income Trust Acquires Southeastern Multifamily Affordable Housing Portfolio
Check out the latest deals and developments in commercial real estate for February 25, 2020: Trilogy Real Estate Group Names Matt Leiter Chief Financial Officer: Trilogy Real Estate Group, a Chicago-based real estate investment and property management firm, announced today that Matt Leiter has joined the company as its chief financial officer. In his new role, Leiter will sit on the company's management committee and lead the company's capital markets strategy as it expands its investment offerings to accredited individual investors via the independent broker-dealer and registered investment advisor (RIA) distribution channels, as well as to ultra-high-net-worth investors via small family offices and mutual insurance companies. Trilogy Real Estate Group has sponsored several private investment funds and qualified opportunity zone funds. Since 2002, the principals of Trilogy have successfully invested in real estate assets valued in excess of $1.7 billion, including 28 multifamily properties located in 12 states across the country. Ft. Lauderdale Real Estate Company Sells Prime Las Vegas Strip Property for $21 Million USD: Lily Funds, through its affiliated company New World LLC, has announced the successful sale of a 5.25-acre property along Las Vegas's "Resort Corridor." The sale of 5051 Las Vegas Blvd. for $21 million, to Shopoff Realty Investments and Contour Real Estate, closed Feb. 14. The buyers plan to develop a new 450-room hotel, to be branded and managed by the Dream Hotel Group. Both buyers are based in California. "We are pleased to not…
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