The Bridgeport portfolio, acquired in partnership with Toronto-based Firm Capital, encompasses a 179-unit community and 13 other apartment buildings across Bridgeport.
Meridian Capital arranged the financing on behalf of Lindy Communities for six buildings. One of the largest properties is the 111-unit Academia Suites.
The new owner acquired Berkeley Terrace for a price tag of $12.2 million and plans to invest in extensive renovations. The project is slated for completion by August 2018.
The firm arranged the 10-year Freddie Mac Green Up loan for a 565-unit community located in the Arden Arcade neighborhood, on behalf of the new owner, OpenPath Investments.
Avery Place at Pompano will be an eight-story, Class A community with 145 luxury rental units and workplace studios ranging between 800 and 1,200 square feet.
The company originated a $10.4 million, 7-year loan for the acquisition of a 348-unit community located in the Bellwood. The asset has an occupancy rate of 97.4 percent.
The Addison at Princeton Meadows was built in 1981 and offers studios and one- and two-bedroom units. It was purchased free and clear of existing debt.
The 192-unit Valencia Lofts in Leon Valley will comprise 14 two-story townhouses with one-, two- and three-bedroom units. The developer is a joint venture between Davila Construction and Loft Concepts.
Portals Residential Phase V Building will feature 373 rental apartments, a sky terrace, an infinity pool, state-of-the-art fitness facility, as well as a rooftop walkway around the building.
