FCP Expands Atlanta-Area Portfolio With $30M Buy
Hercules Real Estate Services sold the 210-unit Chroma Park in Austell, Ga. The new owner plans to invest in capital improvements on buildings, amenities and interiors.
197-Unit DC Property Changes Owner
Strategic Realty Holdings acquired Highland Ridge in Capitol Heights, Md. Greysteel facilitated the $22.1 million deal on behalf of the seller and procured the buyer.
NorCal Asset Trades for $18M
Paradise Apartments in Chico changed hands for $110,976 per unit. The Mogharebi Group worked on behalf of both parties in the transaction.
Affordable Buffalo Community Scores Construction Financing
Elim Townhomes received $12.1 million in construction financing from KeyBank. The community will reserve five units for individuals with physical, hearing and vision impairments.
MassHousing Provides $14M Renovation Loan for Boston Community
Boston Housing Authority selected Beacon Communities to oversee the rehabilitation and preservation of Camden Apartments, a 72-unit affordable property.
LA Community Sells for $26M
An institutional investment fund purchased Morton Gardens, a 66-unit community in the city’s Echo Park neighborhood.
Westmount Realty Capital Sells Metro Dallas Property
MBP Capital Inc. acquired Westmount at the Colonnade, a garden-style community that had recently undergone a $1.4 million renovation.
Weidner Sells Phoenix Community for $37M
Weidner Apartment Homes sold Monterra Apartments Homes for $37.2 million after almost a decade of ownership. The buyer financed the acquisition through a loan.
Baltimore Asset Trades in 1031 Exchange
An out-of-state investor acquired Preston Place, a 10-unit property in the Mt. Vernon neighborhood, as part of a 1031 Exchange.
Greysteel Brokers Sale, Loan for New TX Community
A partnership including developer Rise Residential Construction has sold the 176-unit Majors Place in Greenville less than one year after its completion.
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