Trion Properties Acquires 3 OR Communities
The properties in the transaction include Center Square, Menlo Square and Maple Tree, totaling 174 units. Trion plans to complete strategic value-add upgrades at the communities.
Greystar Sells South Florida Portfolio
The four-property portfolio includes 1,616 units and approximately 16.6 million rentable square feet. Greystar acquired the it for roughly $240 million, according to Yardi Matrix.
HFF Secures $34M Loan for Denver Asset
Managing Director Josh Simon and Director Kristian Lichtenfels worked on behalf of the borrower to arrange the seven-year loan secured through Freddie Mac’s CME program.
Asset Campus to Manage NY Community
The Brock is situated two blocks from SUNY Brockport University and offers one-, two-, three- and four-bedroom units across a three-story building.
WINLYND Buys TX Student Housing
The company plans to renovate Village at Lamar, a 384-bed and 96-unit property that serves students of Lamar University in Beaumont.
JV to Open Sacramento Student Housing
GMH Capital Partners and AGC Equity Partners are developing The Academy on 65th, which will serve students at California State University. The 305-bed community will feature bike storage, covered parking and a motion studio.
Baby Boomers: Far From Reaching Retirement Savings Goals
According to research, 31 percent of the Baby Boomers renters aren’t prepared for retirement.
Waypoint Residential Buys 194-Bed GA Community
The 146-unit student housing property serves those attending Mercer University and includes 12,000 square feet of retail and a 3,800-square-foot clubhouse.
Carmel Partners Sells $129M Upscale Denver Property
Westend, a 390-unit property built in 2015, was 93.5 percent occupied at the time of the sale.
CBRE Arranges $55M Portland Asset Sale
Joe Nydahl, Phil Oester and Josh McDonald of CBRE’s Northwest Multifamily Institutional Investment division worked on behalf of the seller of the 149-unit, mid-rise property, of which 38 apartments are affordable.