Lucia Morosanu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.
Passco Grows Houston-Area Portfolio
The Grayson in Spring, Texas, traded for the first time since it came online in 2016. KeyBank Real Estate Capital arranged acquisition financing on behalf of the new owner.
Madera Cos. Sells Houston Property
The 342-unit Park at Clear Lake last traded in 2015. Keener Investments took out a $23.5 million loan from Värde Partners to finance the acquisition.
NorthMarq Capital Arranges $16M Refi for NJ Community
The 10-year Freddie Mac financing for the 227-unit Village Manor in the western Manhattan suburb of Nutley retires an existing CMBS loan.
Houston Community Receives $11M Refi
Nitya Capital used the loan to retire a prior acquisition financing for the 176-unit Capewood Apartments. Arbor Realty Trust originated the seven-year Fannie Mae loan.
South Texas Community Changes Hands
GVA Real Estate Group took out an $11.5 million Freddie Mac loan to finance the acquisition. JLL Capital Markets brokered the transaction on behalf of the seller.
Hunt Real Estate Capital Secures Acquisition Financing for 2 DFW Properties
Totaling $6.4 million and set to mature in 2029, Hunt Real Estate Capital originated two Freddie Mac acquisition loan for the new owner.
FCP Grows Atlanta-Area Presence with $18M Buy
The purchase of the 150-unit The Fields East West Commons in Austell marks the buyer’s third acquisition in the area this year.
Electra America, American Landmark Purchase San Antonio Community
The new owner rebranded the 306-unit property as Alon at Castle Hills and assumed the existing $24 million Fannie Mae financing.
Westmount Expands San Antonio Presence
The new owner intends to invest in a capital improvement program on both interiors and exteriors at the 300-unit The Pointe at Ramsgate.
DFW Community Changes Hands
Marcus & Millichap facilitated the sale of the 288-unit Aspen Woods in Arlington. The new owner intends to execute a capital improvement program on the property.