Capstone Expands Texas Portfolio With 4 Communities
Capstone Real Estate Services was awarded management of Sansom Park, Riverwalk, Hays Junction II and St. Paul’s Square Senior. The properties total more than 450 units.
South Salt Lake City Property Trades for $67M
On behalf of a private investor, Marcus & Millichap arranged the sale of Lionsgate, a 15-building multifamily property in Murray, Utah. The 400-unit asset is located within minutes of Interstate 15.
South Dallas Community Snags $10.5M Refi
Justin Laub of Metropolitan Capital Advisors secured a 12-year term Fannie Mae loan for La Hacienda Apartments. The 16-building asset offers convenient access to and from interstates 20 and 35.
JV Lands Acquisition Loan for West Dallas Asset
S2 Capital and Pennybacker Capital teamed up for the purchase of a 250-unit market-rate community in Arlington, Texas. Mark Brandenburg of JLL led the team responsible for arranging the acquisition loan.
Top 10 Apartment Owners in Chicago
Chicago has a stable market, with more than 8,000 new units scheduled to come online this year. This list highlights the metro’s top private, REIT and institutional owners, based on unit counts, according to Yardi Matrix data.
JLL Secures Acquisition Loan 332-Unit Affordable Community
Sunridge 332 Partners LP landed a Freddie Mac loan through the Targeted Affordable Housing program. The west Dallas community is located minutes from President George Bush Turnpike and Interstate 20.
Fort Worth Luxury Development Lands Construction Loan
Talos Holdings plans to break ground this month on a new 300-unit luxury community in Fort Worth, Texas. The development is scheduled for completion by the end of 2018.
Southwest Houston Apartments Change Hands
Ilan Investments sold Winding Trails Apartments in Houston to One Real Estate Investment. The 438-unit community was 93 percent occupied at the time of sale.
East Dallas Townhomes Lands Construction Loan
AHC Funds secured $11.4 million for the first development stage of a 125-unit community in Dallas. Metropolitan Capital Advisors’ Justin Laub negotiated the financing on behalf of the borrower.
Fort Worth Community Changes Hands
Madera Residential sold Valencia, a 263-unit community, to a Dallas-based investment firm. Marcus & Millichap represented the seller and secured the buyer.