Chicago Towers Receive $62M in Equity
The 720,000-square-foot multifamily project consists of two 17-story buildings featuring roughly 590 units and more than 10,000 square feet of retail space.
Hunt Arranges Freddie Mac Loan for Texas Community
The 10-year fixed-rate loan marks the first one ARA closed in partnership with Hunt Real Estate Capital. The Village on West Irving Apartments last traded in October 2018.
CBRE Arranges Sale of 413-Unit MN Community
The company’s Keith Collins, Abe Appert, Ted Abramson and Ike Hoffman facilitated the sale on behalf of the seller.
NC Assets Change Hands for $129M
Las Properties/Lantower Residential acquired Solis Waverly, while Continental Realty Corp. bought Solis Ballantyne. Located in Charlotte, N.C., the 375- and 194-unit communities were both completed in 2016.
Berkadia Lands $37M for TX Asset
The borrower, American Landmark Apartments, will invest in capital improvements, including upgrades to unit interiors and amenity packages.
Demand for Housing Outpaces Supply in Portland
The metro’s strong economy and positive demographics are contributing to a growing demand for rental housing, especially in the workforce category.
Hunt Real Estate Secures $23M for Phoenix-Area 1031 Exchange
The 224-unit Canyon Woods and the 148-unit Shadow Rose are both slated for upgrades, with ownership set to invest roughly $3.5 million in improvements.
NKF Closes $220M Student Housing Assets Sale
Ryan Lang, Brandon Buell and Jack Brett are part of the team that represented the sellers in the transactions.
JVM Completes Renovation in Indianapolis
The community underwent major renovations, including a new pet-washing station, an upgraded fitness center, a coworking lounge, a redesigned clubhouse and new furniture for the pool.
JV Breaks Ground on SF Student Housing Project
In addition to the new student community—a public-private partnership of SF State and the developers—the university will open a four-story academic building totaling 76,000 square feet.