TIC – RI Pullman, L.L.C., RI Cascade, L.L.C., RI Elk Grove, L.L.C. (Rood TICs), has received a combined $52 million in acquisition financing for three, newly constructed FedEx Ground distribution centers in its need to satisfy a 1031 exchange.
Mike Wood and Austin Johnson of NBS Financial Services arranged $19.4 million in financing for two apartment complexes: the 181-unit Westlakes Apartments in Olympia and the 110-unit Poplar Lanes Apartments in Lynnwood.
A 210,321-square-foot FedEx industrial property in Redmond has received $39 million in acquisition financing. The ground distribution facility is the largest industrial building in Redmond. It is leased to a subsidiary of FedEx Corp.
Norris, Beggs & Simpson Financial Services President Ken Griggs and Finance Officer Paddy Ryan have arranged $26.5 million in acquisition financing for the Remington Apartments, a 344-unit apartment community in Austin, Texas.