Cap Rates: Social Coverage

Ultimate Equity Buys Hollywood, Fla., Townhouse Project for $32M

<![CDATA[Ultimate Equity has acquired a 69-unit townhome community in Hollywood, Fla., for $32 million, Cushman &#38; Wakefield announced. The gated community called Royal Oaks in the Emerald Hills neighborhood changed hands in an all-cash 1031 exchange acquisition at a record price per unit for the submarket, and a capitalization rate below 5 percent, Cushman &#38; [&#8230;]]]>