TODAY’S DEALS: ARA Brokers 583-Unit Sale in Northwest Austin
A Canadian investment firm buys into Austin, Texas; Civitas Capital closes $53.5 million for a joint venture development in Dallas; and Bessen & Assoc. announces a sale near Natural History Museum for a historic price at 3.3 percent cap rate.
TODAY’S DEALS: Griffin-American Acquires 44 Seniors Housing Properties in the U.K.
Griffin-American Healthcare REIT II completes a $472.2 million U.K. portfolio acquisition; Landmark Apartment Trust of America acquires two apartment communities for $37 million; and Washington Property Co. obtains a $75 million permanent loan for new project in Silver Spring, Md.
TODAY’S DEALS: CIM Group Buys D.C. Apartment Portfolio
CIM Group buys 449 units in Washington, D.C.; KW Commercial completes a luxury sale in West Los Angeles; and Dane PCG represents AIMCO in sale of a $6.6 million Section 8 property.
TODAY’S DEALS: Oakland TOD Condo/Rental Sells for $103M
IPA brokers the sale of a264-unit luxury asset in Oakland, Calif.; NAI Capital completes a $4.3 million sale in Los Angeles; and NorthMarq arranges a $14 million FHA 223(f) loan to fund a conversion to very-low income housing.
Stop Mold Before it Starts
Mold is the stuff of nightmares for developers, owners and property managers. By the time you find mold in a community there is usually an expensive and time consuming remediation process on the horizon. The last thing any apartment owner wants is a health risk for their residents, so every dollar you use to prevent mold is a dollar well spent
TODAY’S DEALS: The Abbey Group Lands $123.6M for Boston Apartment Development
HFF arranges a $123.6 million construction loan; UC Funding provides a $16.8 million loan for a San Antonio acquisition; and Principal Real Estate Investors completes a $15 million disposition in Arizona.
TODAY’S DEALS: Alex. Brown, Chartwell Acquire 383-Unit Apartment in Charlotte
ARA brokers a $23.8 million sale in Charlotte; CBRE/New England’s Capital Markets team completes a $22.3 million sale in Plymouth, Mass.; and NorthMarq’s Kansas City Office arranges $29 million in financing for two properties.
TODAY’S DEALS: Berkeley Point Capital Executes $325M Refinance on San Francisco Apartment
Berkeley Point Capital closes the largest single-asset loan in its history; Marcus & Millichap sells a 116-unit community in South Carolina; and Henry S. Miller brokers sale of property in Texas.
TODAY’S DEALS: HFF Arranges $22.5M Permanent Loan from Life Insurance Company
HFF arranges $22.5 million in financing from a life insurance company; Parse Capital closes a $8.9 million mezzanine loan for a Los Angeles development; and Berzack Investment Property Advisors brokers a 40-unit sale in Santa Clarita, Calif.
TODAY’S DEALS: AIMCO Acquires a Luxury Atlanta Community
Colliers closes a 30-unit sale in Atlanta; Equus buys a 251-unit community in Missouri; and Starlight acquires an interest in a Texas asset.