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Stock impact report

RangeWater acquires DFW property [Yahoo! Finance]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Property: Sorrel Phillips Creek Ranch Buyer: RangeWater Real Estate Sellers: Withheld Property type: Garden style Units: Location: Frisco, Texas Total purchase price: Withheld RangeWater Real Estate was able to tap into existing relationships to land Sorrel Phillips Creek Ranch, a 352-unit property in Frisco, Texas, earlier this month. “It was an off-market transaction, which was an appealing aspect for us, and it was sourced through a relationship that we had with the seller,” Michael Hoy, acquisitions managing director at RangeWater Real Estate, told Multifamily Dive. “It was the right place and the right time.” The Atlanta-based owner, manager and developer was joined by its Conshohocken, Pennsylvania-based equity partner, CenterSquare Investment Management, on the deal for an undisclosed price. RangeWater is actively seeking new land sites and existing properties throughout the Dallas-Fort Worth metropolitan area. “This one fits into our strategy Show less Read more
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