REBusinessOnline.com

July 20, 2012

WALKER & DUNLOP ARRANGES $67.7M LOAN FOR MANUFACTURED HOUSING PORTFOLIO
MANTENO, ILL. — Walker & Dunlop has arranged a $67.7 million Fannie Mae loan for a portfolio of manufactured housing communities, which includes Maple Valley, a 276-site community in Manteno, Ill. The portfolio consists of five properties and more than 1,800 home sites across 500 acres in Illinois, Florida, New Jersey and Massachusetts. All of the transactions involved refinancing with the exception of Little Manatee Springs in Wimauma, Fla., which received acquisition financing.


OHIO WAREHOUSE AND DISTRIBUTION FACILITY COLLECTS $5.8M
BELLEVUE, OHIO — Stag Industrial has acquired a 181,838-square-foot warehouse and distribution facility in Bellevue for $5.8 million. The building is fully leased to Amcor Rigid Plastics, which has six years remaining on its lease. Amcor makes and delivers packaging for products such as beverages, food, pharmaceuticals and spirits. The transaction brings Stag's total acquisition volume to $119 million in 2012.


SONESTA TO REBRAND RESIDENCE INN IN DUBLIN
DUBLIN, OHIO — Sonesta International Hotels Corp. will manage the 106-room Residence Inn Dublin/Columbus in Dublin, starting Aug. 10. Sonesta will rebrand the hotel as the Sonesta ES Suites Dublin. The hotel features an outdoor swimming pool, 24-hour fitness center, guest laundry and a 24-hour business center.

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