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Stock impact report

Southern Realty Trust Originates $26.0 Million Subordinate Loan for Excel Miami Apartments [Yahoo! Finance]

Home BancShares, Inc. (HOMB) 
Last home bancshares, inc. earnings: 4/16 08:15 am Check Earnings Report
US:NASDAQ Investor Relations: homebancshares.com/investor-relations
Company Research Source: Yahoo! Finance
an affiliate of SRT agented a $26.0 million subordinate loan for the development of Excel Miami Apartments (“Excel” or the “Project”), a 24-story multifamily tower located at 1550 NE Miami Place in Miami's Art & Entertainment District. The Sponsor is Clearline Real Estate (“Clearline”), a real estate investment and development firm led by Jenny Bernell. Clearline is headquartered in New York and Miami and focuses on multifamily real estate investments across growing U.S. regions. Excel Miami Apartments is designed to blend modern living with the vibrant artistic culture of downtown Miami. The development was envisioned by design architect Arquitectonica, elevating the standard of multifamily architecture in the area with a sleek, contemporary aesthetic. The Project will total 214,183 rentable square feet, with 427 apartments offering studio, one-bedroom, two-bedroom and 13 townhouse loft units. The building's amenity floor will feature 18' ceilings and includes a pool, yoga deck, fi Show less Read more
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