Carroll Organization, PGIM Real Estate Acquire 4-Property Portfolio in FL
The portfolio includes the 292-unit Bella Vista at Boca Del Mar in Boca Raton; 466-unit Centro at Davie; and 466-unit Savannah Lakes and 264-unit Stonybrook Apartments, both in Boynton Beach.
BET Investments Develops Philly Asset
The property in Media, Pa., includes 162 units and an electric car charging station, a coffee lounge and a game room.
Sterling Real Estate Snaps Up Austin Asset
A joint venture between Barker Pacific Group and Pacific Real Estate Partners has acquired the 230-unit Spring Valley Apartments.
Capitol Seniors Housing Opens Chicago Community
Arbor Terrace Naperville includes 95 units and offers amenities designed to foster socialization and engagement, including an art studio and a sun room.
JPI to Develop Santa Clarita Community
Jefferson Vista Canyon, a 480-unit apartment community in the master-planned Vista Canyon in California, is slated for completion in 2020.
TX Property Secures $21M
Arbor Realty Trust provided a two-year adjustable bridge loan for the Breeze at Lake Barbara, a 520-unit property in Clute.
TX Portfolio Sells for $317M
Institutional Property Advisors has facilitated the sale of 12 multifamily properties across the state totaling 3,699 units.
Boston Financial Closes $145M LIHTC Fund
The financing covers properties in 11 states, and includes 2,800 units of affordable housing for 11 multifamily and six senior communities.
Integra Land Starts Work on Suburban Charlotte Apartments
The Flats at Edgewater in Indian Land, S.C., includes 289 units, a sports bar, a theater room and a dog park. It is expected to be completed in late 2019.
Mill Creek Residential Expands VA Community
Phase II of Modera Mosaic in Mosaic District of Fairfax County includes 222 units, joining 251 apartments in the original phase, which began leasing in 2015.