MAA (NYSE:MAA), an apartment-only real estate investment trust (REIT), has recently completed the acquisition of Adalay Bay – a 240-unit upscale apartment community in Chesapeake, Virginia — for an undisclosed price. The transaction was funded with the proceeds from a secondary offering of approximately 1.96 million shares completed earlier in the year.
Developed in 2002, Adalay Bay is strategically located in the Hampton Roads area of Chesapeake that houses the commercial Port of Hampton … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards