TODAY’S DEALS: W.P. Carey Grabs Pair of Georgia Apartment Assets for $46M
W.P. Carey-led investment group grabs 444 units in Georgia; HFF arranges financing for a 520-bed student-housing asset in California; and Red Capital provides a $3.85 million balance-sheet construction mezzanine loan.
TODAY’S DEALS: Carmel Partners Sells Virginia Apartment Asset to Capital Investment Advisors
ARA brokers Carmel Partners’ sale of 227-units in Arlington; Marcus & Millichap brokers the $13.3 million sale of two apartments assets in Manhattan’s UES; and Capital One Bank originates a $6.4 million CMBS loan for an acquisition on Florida’s Emerald Coast.
TODAY’S DEALS: Berkadia Arranges $73.7M for a Georgia Apartment Acquisition
Berkadia arranges acquisition financing for a Steadfast subsidiary; Bascom and Oaktree complete another purchase; and Community Development Trust and Peak Capital Partners acquire and preserve two affordable housing properties.
TODAY’S DEALS: Northland Acquires the Largest Apartment Community in Austin
Northland Investment Corp. buys 1,072 units in Austin; Charles Dunn Co. completes a $15.1 million sale in Los Angeles; and RED Capital provides a $16.5 million equity bridge loan that enables later Low Income Housing Tax Credit equity pay-in to reduce costs.
TODAY’S DEALS: Two Fort Myers Assets Trade for $19.3 million
Marcus & Millichap sells two communities in Florida; Transwestern brokers a 210-unit sale in Colorado Springs; and Capital One Multifamily Finance closes a $19.5 million Fannie Mae loan.
TODAY’S DEALS: Cornerstone Completes Phoenix Disposition
IPA brokers Cornerstone’s sale of a 240-unit asset in Phoenix; URS Capital Partners buys an Ohio apartment community; and NorthMarq Capital negotiates $14 million in acquisition financing.
TODAY’S DEALS: CBRE Acquires Portland Apartments from Capri Capital
ARA brokers a $54.1 million Portland sale; Equus completes the disposition of a 1,100-unit portfolio in Atlanta; and Capital Fund Services sources financing to preserve affordable housing stock in Indiana.
TODAY’S DEALS: PCCP Provides Ritchie Group with $56.5M for Stalled Utah Condo
The Ritchie Group lands $56.5 million to build out a stalled condo; Colliers completes a $6.3 million sale in Arizona; and Greystone provides a $11.7 million bridge loan for an affordable community in California.
TODAY’S DEALS: Investors Bank Closes $88M in Apartment Transactions
Investors Bank expands its lending footprint; Bascom buys in Los Angeles county; and NorthMarq Capital facilitates $12.5 million acquisition financing.
TODAY’S DEALS: American Realty Advisors Buys an L.A. Asset from Dinerstein
American Realty Advisors buys a Los Angeles asset; Marcus & Millichap sells 336 units in Indianapolis; and M&P purchases two San Diego properties for more than $2 million.