Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.
Franklin Street Arranges $31M Sale of Affordable Tampa Community
The Reliant Group sold the 270-unit property in Bradenton, Fla. Darron Kattan, Kevin Kelleher, Zachary Ames and Avery Jordan represented both parties in the deal.
$73M Construction Loan Secured for Miami Ultra-Luxury Condos
CIM Group provided financing for the first oceanfront development in Delray Beach in more than 30 years.
Blue Magma Expands Atlanta Footprint With $22M Purchase
The fully affordable asset in Stone Mountain is the company’s 11th purchase in the area and its fifth LIHTC deal in the last 20 months.
Metro Atlanta Senior Community Scores $48M Refi
Greystone originated the 10-year loan for the 132-unit property providing independent living, assisted living and memory care services.
Arch Cos. Expands Jacksonville Footprint With $40M Purchase
The company closed its second major value-add acquisition in a week, growing its local portfolio with 692 units.
Orlando Community Lands $23M Recap
Berkadia secured a 10-year, fixed-rate loan for the 172-unit garden-style property in the Engelwood Park submarket.
Luxury Community Commands $89M Near San Francisco
Essex Property Trust acquired the 132-unit asset in Redwood City. An Institutional Property Advisors team assisted the seller in the deal.
RADCO Pays $18M for Tampa Bay Community
The new owner plans to invest $2.8 million to reposition the property through unit and amenity upgrades.
Southwest Florida Community Commands $35M
Phoenix Bay Ventures has sold a 186-unit luxury property in Cape Coral. JBM Institutional Multifamily Advisors brokered the transaction.
Value-Add Jacksonville Community Sells for $14M
Newmark Knight Frank assisted InvestRes in the disposition of the 176-unit asset located in the St. Nicholas neighborhood.