TODAY’S DEALS: MG Properties Group Acquires Mixed-Use Condo Conversion
MG Properties Group buys a 33-unit condo conversion for $11.8 million; IPA brokers the sale of a 392-bed student housing community at USC; and Walker & Dunlop provides Freddie Mac funding to two student housing properties.
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We are currently accepting submissions for our 2011 Survey of Top Equity Providers.
TODAY’S DEALS: Clarion Partners Grabs $100M Seniors Portfolio
Clarion Partners acquires three senior housing communities for $100 million; ARA completes an REO sale in Florida; and Alliant Capital arranges a $1.7 million refinance at 4.78 percent interest rate.
TODAY’S DEALS: Grubb & Ellis to Acquire 10 Skilled Nursing Facilities
Grubb & Ellis enters an agreement to buy 10 skilled nursing facilities for $166.5 million; Prudential Mortgage Capital Co. puts a 200-unit Arizona community on the market; and Grandbridge funds a $72 million Freddie Mac loan carrying low-4 percent interest.
TODAY’S DEALS: IPA Secures Listing for Los Angeles High-Rise
IPA secures the listing contract for a 180-unit high-rise in L.A.; HFO Investment Real Estate and Colliers broker the sale of a three-community portfolio in Oregon; and Radco Co. invests in two Atlanta multifamily properties.
TODAY’S DEALS: American Realty Advisors Acquires 186-Unit Community
American Realty Advisors acquires a 186-unit community in Houston; Education Realty Trust starts the 2011 school year with 94.9 percent occupancy; and Marcus & Millichap arranges a $17 million bridge loan for the completion of an apartment property.
Power Index Podcast – Top Owners 2011
MHN’s Mike Ratliff, associate editor, and Jack Kern, research editor, sit down and dissect trends in the magazine’s October ranking of top owners.
TODAY’S DEALS: Phoenix Community Commands $30.5M
Colliers International and ARA complete a $30.5M Phoenix Transaction; Archstone buys a land parcel in Washington, D.C., which is slated for a 206-unit community; and Jones Lang LaSalle brokers a Nashville apartment sale to a private equity fund.
Marazzi Brings Porcelain Tile Ventilated Wall System to U.S.
The ventilated porcelain tile wall system from Marazzi looks great and can improve the energy efficiency of a building by up to 33 percent. It is an easy solution for rehab projects as well, since the tiles can be added to a structure without removing the original surface.
TODAY’S DEALS: IPA Sells 64-Unit Community for $14.85M
Institutional Property Advisors arranges the sale of a Newport Beach community; Essex Realty Group sells a 20-unit walk-up in Chicago; and HFF is named to market the sale of an Ohio portfolio.