JV Grabs Nashville Apartments for $45M
Admiral Capital and Security Properties purchased the 240-unit property from Venterra Realty, which had acquired the asset in 2012 for $27.7 million.
Maxus Realty Trades AR Community
The buyer funded the acquisition of the 88-unit market-rate property with a $3.8 million Fannie Mae loan secured by Dougherty Mortgage.
Asset Campus to Manage MI Student Housing
Located a stone’s throw from the University of Michigan campus in Ann Arbor, 411 Lofts came under new ownership in February.
Titan, Investcorp Trade Atlanta Community
ECI Group acquired the 410-unit asset located in the city’s West Chamblee submarket. The property offers one- to three-bedroom apartments ranging from 950 to 1,435 square feet.
MO Condo High-Rise Finishes Construction
The Cypress at the Lake in Central Beach includes 61 luxury units and a private marina, car charging stations and an indoor/outdoor wine bar.
Sidestepping the Pitfalls of Brownfield Development
Dan Drazen, project manager at Trinity Financial, details the upsides and challenges in brownfield multifamily projects and discusses the firm’s next major adaptive reuse project.
DIJ Properties Grabs Dallas Community
The firm funded the acquisition of the 386-unit property with a seven-year, $13.9 million Freddie Mac loan originated by Berkadia.
Hunt JV Completes North FL Community
The 264-unit Sanctuary at 331 in Santa Rosa Beach broke ground in mid-2016, and offers a swimming pool, dog park and 3,700-square-foot clubhouse.
Odin Properties Trades Philadelphia-Area Community for $32M
The company picked up the asset for less than half the price back in 2014 and carried out extensive renovation and repositioning work.
Terra Properties Nabs St. Louis-Area Community
The firm financed the acquisition of the 128-unit market-rate asset with a $510,000 Fannie Mae loan originated by Dougherty Mortgage.