Apartment Choice

The 1,184-unit Seven Gables Apartments in Eastern Henrico. (Photo by David Larter) Two suburban Richmond apartment complexes have become entangled in the collapse of an Australian real estate company . The 278- unit Rollingwood Apartments in Chesterfield and the 297 1,184 -unit Seven Gables Apartments in Eastern Henrico are headed to foreclosure and will be auctioned Jan. 11 on the their respective counties’ courthouse steps. Both complexes are tied to the defunct Babcock & Brown, a massive real estate and infrastructure investment group once valued at $10 billion that went belly up in 2009. The two properties are part of a Babcock & Brown loan pool valued at about $200 million that included multiple properties and was ordered into liquidation. The two local complexes are held jointly by two entities: PP2 FX2 Limited Partnership and Everest PP2 FX2 Limited Partnership . South Carolina- based real estate firm Greystar is managing the properties. The company declined ...

This article is reprinted by permission from NextAvenue.org. I suspect that when Americans think about retiring abroad, they focus on Latin American countries , due to proximity and because places like Panama, Belize, Costa Rica and the Dominican Republic usually show up on Best Places to Retire Abroad lists . Well, you won’t find any of those four countries in the Top 10 of The World’s Best Places to Retire in 2017 from Live and Invest Overseas . What you will find is a preponderance of Europe (six of the Top 10) plus a smattering of Mexico (two places) and Asia (two places, both in Malaysia). Another surprise: eight of those didn’t even make the Top 10 in the 2016 list from Live and Invest Overseas . “That surprised me too,” said Lief Simon, investment editor at Live and Invest Overseas and husband of the group’s founder and publisher, Kathleen Peddicord. In this year’s Top 10, the Algarve region of southern Portugal ranked No. 1 (for the fourth year in a row). Rounding out the...