Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.
Tampa Community Sells for $24M
Uptown Ambrus Investments has obtained a $12.2 million loan for the acquisition of the 292-unit property in the University Square submarket.
North FL Community Trades for $36M
Kimball Key LLC has received $27.1 million in financing for the purchase of Mandarin Apartments, a 401-unit garden-style asset in Jacksonville.
GA Multifamily Asset Trades for $42M
Sterling Bridge Investment Partners has sold a 530-unit community located near Robins Air Force Base. Marcus & Millichap represented both parties in the transaction.
NorCal Senior Housing Property Lands $26M Refi
Cushman & Wakefield has secured the first mortgage loan for the 148-unit assisted living and memory care community delivered in the fall of 2016.
FCP Pays $23M for Atlanta Community
The acquisition marks the buyer’s seventh investment in the area. The new owner plans to rebrand the 164-unit Ashford Gardens.
Axonic Properties Sells $16M FL Community
Creative Realty Partners has purchased the 126-unit property with the third highest price per unit for this type of asset in Hillsborough County. CBRE procured both the buyer and the seller.
Philadelphia Luxury Community Gets Fannie Mae Refi
Arbor Realty Trust Inc. has provided a $6.4 million Fannie Mae loan for a recently completed 39-unit multifamily property in the Point Breeze neighborhood.
Luxury NC Community Welcomes First Residents
Wood Partners opened a 261-unit multifamily property in the vibrant Optimist Park neighborhood of Charlotte.
Milwaukee Value-Add Community Changes Hands
Weidner Apartment Homes acquired the 90-unit Class B residential property. Berkadia arranged the transaction on behalf of the seller.