Cottonwood Residential Sells Nashville Apartments for $40M
The new owner rebranded the 327-unit Class B community as Allegro on Bell, with SunTrust Bank facilitating the acquisition through long-term financing.
Somerset Partners Buys Charlotte Community
The 155-unit multifamily asset changed hands for more than $15 million, with Capital Bank providing the buyer with $11.6 million in acquisition financing.
HM Management Sells Knoxville Community
Prime Property Investors purchased the 130-unit Class B community with the help of a $5.3 million loan from Wintrust Bank.
Jacksonville Community Gets $30M Refi
HFF originated the 10-year Freddie Mac mortgage for Beachwold Residential, the owner of the 288-unit luxury community. The loan retires a prior CMBS loan.
Affordable Community Trades in KC
CBRE Capital Markets provided more than $11 million in Fannie Mae financing to the buyer, Peak Capital Partners, for the 260-unit multifamily asset.
Simbol Commercial Sells Kansas City High-Rise
Arbor Commercial Funding provided the buyer with $30 million of Fannie Mae acquisition financing for the purchase of the 35-story tower.
LaSalle Buys Twin Cities Communities
Clarion Partners earned approximately $68 million from the sale of the 241-unit portfolio, taking a loss compared with the seller’s acquisition cost of the assets in 2015.
Seattle Efficiency Community Changes Hands
Wilshire Capital Partners acquired the 75-unit property for nearly $18 million, financed with a loan from Bridge Investment Group Partners.
Rincon Partners Sells Phoenix Community for $34M
LoanCore Capital provided the buyer with nearly $30 million in acquisition financing. The new owner rebranded the asset and chose a new property manager.
TWG Development Purchases Atlanta Apartments for $29M
Merchants Bank of Indiana provided the buyer with nearly $30 million in acquisition and development financing. The short-term bridge loan matures in June.