Fairfield Residential Trades NorCal Apartments
The company sold the 168-unit Class B community for more than $47 million three years after acquiring the asset from Interstate Equities Corp.
PRG Group Buys Luxury Charlotte Community for $49M
The Miller-Valentine Group finished work on the 280-unit property in late 2017, following a year and a half of construction.
Newly Built Jacksonville Community Trades for $54M
Hunt Real Estate Capital provided the buyer, EBSCO Income Properties, with more than $36 million in Fannie Mae acquisition financing.
Phoenix-Area Affordable Property Changes Hands
Atlantic Development & Investment sold the 184-unit asset in a 1031 exchange for nearly $23 million. The Canadian Imperial Bank of Commerce provided acquisition financing.
Nashville Luxury Project Gets $93M Refi
Lifestyle Communities started work on the 411-unit asset in 2016, and the company plans to open the property early this year.
American Landmark Welcomes New EVP
Pip Cornish brings more than 20 years of experience to the new role, where he will oversee property management for the company’s portfolio in three states.
Red Capital Group Expands Into San Francisco
The firm has tapped Patrick McAllister as its new director of multifamily originations, building up its presence in the Bay Area and Pacific Northwest.
On the Market: 5 Interesting Listings for the Week of 8/6
This week’s selection of listings includes a garden-style community in the Phoenix area, a recently renovated Seattle asset and more.
HFF Expands Atlanta Multifamily Investment Team
Bo Moore joins the firm as a senior director, building on previous experience with ARA Newmark and Carter & Associates.
Lion Real Estate Roars Into Nashville
The company acquired the 1973-built Highland Cove, a 206-unit property that traded for $16.6 million in an off-market transaction.