Updated from May 23rd Post – CBRE Finally Closes on Three Ravinia

Three Ravinia

As we reported earlier this month, CBRE Global Investors was in negotiations with Colonial Properties Trust to purchase the 31-story Three Ravinia office tower. Colonial Properties Trust, in an effort to refocus their portfolio on multi-family, sold the building for a cool $144.3 million. After finalizing this deal, more than 95% of Colonial Property Trust’s revenue will be generated from their multi-family investments.

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