Chicago-Area Community Trades for $131M
FPA Multifamily picked up the 758-unit asset, financing the acquisition with a 12-year, $95 million Fannie Mae mortgage originated by Berkadia.
Donaldson Group Expands Management Portfolio
The company has taken over management operations at two recently sold communities in Virginia—the 457-unit Rivermont Crossing in Chester and the 168-unit Lafayette in Norfolk.
PRG Trades Jacksonville Community
InvestRes picked up the 200-unit property for more than $21 million, financed by a $15.3 million Freddie Mac loan originated by Berkeley Point Capital.
Trinity Properties Lands $300M Refi in San Francisco
PGIM Real Estate Finance provided the refinancing package on eight of the owner’s communities.
Gearing Up for Successful Multifamily Operations
With changes in resident expectations driving different approaches to asset management, Sunrise Management CEO Joe Greenblatt provides insights into how owners can stay ahead of the curve.
Sacramento Multifamily Asset Commands $14M
JCM Partners sold the 76-unit community to IDS Real Estate Group, which landed an HFF-originated, $7.6 million Freddie Mac loan to finance the acquisition.
JCM Partners Sells Sacramento Community for $61M
The buyer, 29th Street Capital, financed the acquisition of the 417-unit multifamily asset with a nearly $47 million Freddie Mac loan.
Solomon Org. Acquires Pittsburgh Community for $41M
The buyer financed the acquisition of the 316-unit property with a $32.4 million Freddie Mac loan originated by M&T Bank.
Pittsburgh Community Changes Hands
The 124-unit Class C property was sold for nearly $5 million. The new owner financed the transaction with a $7.5 million acquisition and development loan.
Crescent Communities Opens Up Atlanta Development
The developer broke ground on the 320-unit luxury community in early 2017, with KeyBank providing nearly $45 million in construction financing.