Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.
Luxury MD Senior Housing Welcomes Residents
Capitol Seniors Housing opened the 84-unit assisted living and memory care community in the heart of Anne Arundel County. The Arbor Co. will operate the 72,140-square-foot facility.
Orlando Garden-Style Community Sells for $63M
Priderock Capital Partners purchased the 356-unit property, expanding its South Atlantic portfolio. Newmark Knight Frank represented the seller and originated acquisition financing for the buyer.
Greater Phoenix Community Commands $35M
Aukum Group sold the 168-unit property, which provides easy access to the Scottsdale Airpark, the Kierland Employment Corridor and South Scottsdale. IPA represented the seller and procured the buyer.
KY Community Trades for $14M
Vazza Real Estate Group purchased the 292-unit multifamily property in Louisville, with HFF securing acquisition financing through Starwood Mortgage Capital.
Jacksonville Value-Add Community Changes Hands for $35M
The new ownership will invest more than $5 million to upgrade and reposition the 444-unit multifamily property as Topaz Villas JAX.
JV Acquires Tampa Luxury Community for $54M
The 262-unit asset is one of the seven Addison-branded properties developed across Florida since 2006. JBM Institutional Multifamily Advisors facilitated the sale.
Passco Cos. Expands FL Portfolio With $64M Buy
The company purchased a 300-unit luxury community in the Crestview-Fort Walton Beach-Destin MSA, their second multifamily asset acquisition in the area in recent months.
JV Acquires 440-Unit Jacksonville Multifamily Asset
Berkadia negotiated the deal on behalf of the buyer and secured acquisition financing. The 2008-built property will undergo a $4.9 million renovation.
Castle Lanterra Expands Atlanta Portfolio
The acquisition of a 280-unit value-add community in Cobb County represents the New York-based company’s third foray in the local multifamily market.
29th Street Capital Expands Phoenix Footprint
The company purchased a 168-unit community in Avondale and plans to invest more than $2.1 million in capital improvements. Its local portfolio now totals more than 2,500 units.