CBRE Hires Affordable Housing Expert
In her new role as director & industry specialist, Sarah Garland will support origination of affordable and workforce housing debt financing.
Cushman & Wakefield Brokers $49M FL Sale
Senior Directors Jay Ballard and Ken Delvillar of the company’s multifamily team in Orlando facilitated the transaction on behalf of seller Waypoint Residential.
Fully Leased Community Trades in North Dallas
4L Enterprises purchased Gateway Apartments, a 76-unit asset located near several major routes. Greysteel arranged the deal on behalf of the seller.
TruAmerica Sells Las Vegas Community for $72M
Solis at Flamingo comprises 524 units across 34 buildings. The asset recently underwent major renovations and at the time of the transaction was 94.1 percent occupied.
IPA Brokers Sale of San Antonio Value-Add Community
JBT Investments purchased Fredericksburg Place with the help of a loan from Deutsche Bank. The asset was more than 90 percent leased at the time of sale.
American Landmark Expands NC Footprint
The Florida-based company teamed up with Electra America to acquire a three-property portfolio comprising more than 1,000 units. The new owners plan to invest up to $8 million in renovations.
Marcus & Millichap Facilitates Southern CA Sales via 1031 Exchanges
Located in Anaheim and Oceanside, the four communities changed hands for $67.7 million combined. Tyler Leeson and Drew Holden represented the sellers and also procured the buyers.
South FL Value-Add Property Sells for $44M
ARA Newmark’s Vice Chairmen Avery Klann and Hampton Beebe, together with Director Jonathan Senn, worked on behalf of the seller in the transaction.
Sterling Real Estate Expands Value-Add Portfolio with Phoenix Asset
Cambridge Court Apartments is a 286-unit community that traded for $24 million. The company plans to invest in improvements.
CBRE Brokers $42M AZ Sale
Sonoma Ridge encompasses 240 units. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch from CBRE’s Phoenix office represented the seller in the transaction.