Philadelphia, PA (September 17, 2018) – Resource Apartment REIT III, Inc. (the “REIT”), through its operating partnership, completed the purchase of The Park at Kensington, an apartment community located in the prospering market of Tampa, Florida. Built in 1990, the 204-unit community features a resort-style, multi-level pool, remodeled clubhouse, lakeside family BBQ area, and lighted tennis court.
Exantas Capital Corp. (NYSE:XAN) (the “Company”) (formerly known as Resource Capital Corp.) announced today that its Board of Directors declared a cash dividend of $0.15 per common share for the quarter ending September 30, 2018. The dividend will be paid on October 26, 2018 to holders of record on September 28, 2018.
2018 should be a strong year for apartment investment sales in California. Investor sentiment is positive with significant capital chasing opportunities throughout California, according to Real Capital Markets’ 2018 Multifamily Investor Sentiment Report.
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