Trinity Real Estate Sells Atlanta-Area Community
The buyer paid $11 million for the 352-unit Class C asset, with Arbor Realty Trust providing $12.5 million in acquisition and development financing.
5-Building St. Louis Community Changes Hands
The 104-unit Tuscany Village, built in 1972, last traded in 2014 for nearly $3 million, six months after a foreclosure action.
Lion Real Estate Expands Nashville Footprint
The acquisition, valued at more than $13 million, adds 160 units to the firm’s portfolio. The community last changed hands in 1990.
Top 10 Florida Multifamily Completions in 2018
Almost 33,000 units were added to Florida’s multifamily markets last year, 1,300 more than the year before, with major developments completed in each of the state’s key metro areas.
High-Tech Amenities: More Than a Trend
Xfinity Communities’ Adrian Adriano shares his views on how residential tech products and services can not only keep residents happy, but also help them lead better lives.
North FL Community Changes Hands
The 96-unit multifamily asset, completed in 1963, traded for $6 million, more than doubling the seller’s return in two years.
Deancurt Realty Group Buys Orlando Apartments
The firm purchased the suburban 208-unit Class B community for nearly $24 million, financing the acquisition with a loan and line of credit.
Jacksonville Development Gets $39M Construction Financing
Crest Residential’s 256-unit project is estimated to break ground in the spring, financed by a five-year loan from Protective Life Insurance Co.
Arel Capital Buys 504-Unit Houston Community
Allied Orion Group is overseeing property management for the multifamily asset. The new owner plans to begin renovations this year.
Fogelman JV Acquires Atlanta Apartments for $45M
The 334-unit garden-style community last changed hands in August 2016, when Mesa Capital Partners sold the asset for more than $29 million.