Trinity Refinances 7 San Francisco Assets
The new loan of more than $200 million retires existing debt from the same lender on the 736-unit Class B portfolio.
Raleigh Community Trades for $24M
Hawthorne Residential Partners sold the 184-unit asset two years after it acquired it for $15.5 million from Heritage Capital Group.
Raskin Holdings Sells Nashville Apartments for $50M
Covenant Capital Group picked up the 57-building, 379-unit community, funding the purchase with a five-year, $35 million Freddie Mac loan.
TN Apartments Land $17M Refi
CBRE Capital Markets originated the Freddie Mac mortgage, which retires a prior fixed-rate CMBS loan of $10.6 million taken in 2012.
Nashville Community Changes Hands for $27M
NexPoint Residential Trust acquired the 210-unit suburban Class B garden-style property, financed by a 7-year, $17 million Freddie Mac loan.
Wilkinson Grabs Atlanta Multifamily Portfolio
Marquis Investments traded the three Class B communities, which total 456 units in the city’s Brookhaven submarket, for $50 million.
Reaching the Pinnacle of Success in Property Management
Larry Goodman, COO of Pinnacle, describes how the company retains residents, trains managers and boosts multifamily asset values across its portfolio.
LMS Trades Renovated AL Community
The 200-unit property traded for nearly $19 million. The buyer financed the purchase with a $15 million mortgage from Arbor Realty.
Praxis Expands Atlanta Presence
Crown Bay Group sold the 200-unit Flint River Apartment Homes after purchasing it in November 2016 for $8 million. This deal marks the buyer’s third acquisition in the area over the past year.
Dougherty Mortgage Provides Fannie Mae Loan for Dallas Asset
A private investor purchased a 116-unit market-rate community in southwest suburban Dallas, taking a $7.3 million loan to fund the acquisition.