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Occidental Management Secures Longer Loan Term for Aspiria Campus
Key Points:
- Occidental Management Inc. obtains a longer loan term for the Aspiria campus
- Prior maturity date for the $232.5 million in debt led to the property being placed on the CMBS watchlist
- The 207-acre property is located in Kansas City
Hot Take:
Occidental Management’s success in securing a longer loan term for the Aspiria campus demonstrates the company’s commitment to the property and its potential for growth in the Kansas City area. This move will likely have a positive impact on the local residential real estate market, as it indicates confidence in the region’s economic prospects. The Aspiria campus, with its 207-acre property, is poised to become a significant player in the Kansas City real estate landscape.
Orginal article: Link To Article – provided by Kansas City Realtors
