DEAL OF THE DAY: American Residential Investment Purchases Two Properties from Lender at 9.5% Cap
American Residential Investment Partners has acquired two properties located in Chattanooga, Tenn.: the 68-unit Arlington East Apartments and 170-unit Concorde Apartments.
DEAL OF THE DAY: Walker & Dunlop Closes 73% LTV Freddie Mac Mortgage in Less than 40 Days
Walker & Dunlop provided a $28,547,000 refinance loan for Tenby Chase Apartments located in Delran, N. J.
DEAL OF THE DAY: Home Properties Prepares for More Acquisitions with 6.3% Cap Rate Transactions
Westminster, Md.– Home Properties Inc. says it has purchased the 208-unit Middlebrooke Apartments and the 110-unit Westminster Apartments from the original developer and owner of the two properties. “There finally are more acquisition opportunities in our key markets,” says Edward J. Pettinella, president and CEO of Home Properties. “We see great potential in these two properties, which we project will have a low double-digit internal rate of return. We hope to accelerate the pace of property purchases during the balance of the year.” Both apartment communities are located in Westminster, Md. Westminster is now called Westbrooke Apartments. Both Middlebrooke and…
DEAL OF THE DAY: Colliers Represents Buyer in $4.5M Acquisition of Newly Completed Mixed-Use Development
Colliers International completed the sale of an 18,000-square-foot mixed-use office and multifamily property located at 24100 and 24106 Calabasas Rd. in Calabasas, Calif., to Seasons Greetings LLP, a commercial and residential real estate development company. The all-cash transaction is valued at $4.5 million.
DEAL OF THE DAY: HFF Helps Borrower Obtain Refinancing at Favorable 5.56% Long-Term Rate
The Portland office of HFF (Holliday Fenoglio Fowler LP) arranged a $3 million refinancing for Glen Creek Park Apartments, an 86-unit multi-housing community in Salem, Ore.
DEAL OF THE DAY: Apartment REIT Makes Discounted Acquisition of 2007 Property
Grubb & Ellis Apartment REIT Inc. acquired Bella Ruscello Luxury Apartment Homes
DEAL OF THE DAY: Pacific Housing’s $52M Project Will Restore, Retain Affordable Housing in East Harlem
Pacific Housing Advisors acquired
DEAL OF THE DAY: ARA Arranges Sale of Bank-Owned Apartments for $19K Per Unit
ARA brokered the sale of a 35-unit property located at 3005 Galley Road in Colorado Springs, Colo.
DEAL OF THE DAY: Westdale Investment Partners Purchases Suburban Atlanta Apts. For $14.6M
Westdale Investment Partners LLC says it is acquiring the 302-unit Forest Hills at Vinings apartment complex in suburban Atlanta for $14.6 million.