Greystone Arranges $110M for Senior Portfolio Sale
New Senior Investment Group sold 1,140-units comprising nine communities in the Florida Peninsula. Meridian Senior Living will manage the properties.
Phillips Secures $19M in Financing for Orlando-Area Project
BG Capital Management will use the loan for the acquisition and renovation of Landmark at Waverly Place, a 208-unit community in Melbourne, Fla.
CBC Brokers Sale of 3 Historic SLC Communities
Multifamily investors continue to show interest and confidence in the area’s apartment market. Strong demand resulted in multiple offers for all three assets.
JLL Closes 238-Unit TX Community Sale
M-DW LP sold a 238-unit multifamily community in Galveston, Texas. Gulf Coast Kington Properties purchased the 15-building property, which includes one- and two-bedroom units.
BRG Acquires $36M Alabama Community
Bluerock Residential Growth REIT Inc. bought a studio, one-, two- and three-bedroom apartment unit. Springs at Greystone is situated in the top-tier suburban district in Birmingham, Ala. The firm plans to renovate the 300-unit building.
NY Nursing Facility Lands $25M Refi
Greystone provided the HUD-insured loan for Adira at Riverside Rehabilitation & Nursing in Yonkers, N.Y. The financing carries a 30-year term at a low, fixed rate.
Allied Orion Group’s High-End Community Now Leasing in Houston
Featuring one-, two- and three-bedroom apartments, The Beacon at Buffalo Pointe—a 281-unit multifamily community—caters to the Texas Medical Center community.
Coldwell Banker Expands CA Portfolio
Welcoming 18 sales professionals formerly affiliated with Jelly Properties, Coldwell Banker Residential Brokerage purchased its third office in Del Mar. Joe Jelley will join the brokerage company in a sales capacity.
Berkadia Arranges 593-Unit FL Portfolio Sale
Nova Eagle sold three multifamily assets in Jacksonville, Fla., for $27.9 million. The buyer was Infinity Acquisitions LLC.
Harland Recruits San Diego Manager
A 20-year industry veteran, Al Pesiri will focus on property management for the company’s San Diego rental housing market.