Tudor Scolca-Seușan is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.
PAC Buys Apartment Community in Jacksonville
The newly-acquired community is adjacent to another one owned by PAC, bringing the company’s current area footprint to more than 500 units, while also creating operational efficiencies.
Aurelie Capital Spends $20M in Richmond
Millspring Commons, a 159-unit community in Virginia, is the new private equity firm’s first acquisition. The company plans to add value by finishing a renovation program started by the previous owner.
Berkadia Facilitates $52M Loan for VA Luxury Project
The upcoming 450-unit luxury community will be situated in Fredericksburg, Va., along Jefferson Davis Highway. The Breeden Co. estimates a total investment of $85.5 million.
HFF Secures $10M Financing for AZ Community
The apartment community is located with multiple golf courses and parks. According to Yardi Matrix data, monthly rent averages $1,008.
ABI Brokers $4M Sale of Phoenix Community
ABI represented both parties in the transfer of Tres Arcos Apartments, a 1969-constructed, seven-building apartment community in the Biltmore submarket.
Citymark, InterCapital Go Shopping in Vegas
The two companies purchased Vintage Pointe, a 368-unit apartment community in Vegas’ Michael Way neighborhood, for $49.2 million.
GA Community Lands $48M in Refinancing
Overlook at Gwinnett Stadium is located seven miles from downtown Lawrenceville. Residents have a private walkway to neighboring Coolray Field.
Avesta Enters AZ Market With $58M Acquisition
Coronado Crossing is well situated along the Price Corridor, one of Chandler’s fastest-growing areas. The company plans an extensive renovation of the property.
Jevan Buys Phoenix Community for $15M
Jevan Capital now owns 18 properties across multiple metros, seven of which are in Phoenix. La Mirada will be rebranded and completely renovated.
Fogelman, Thackeray Acquire Atlanta Asset
The fifth collaboration between the two companies since 2015 brings their total investment volume to more than $150 million. The community in Alpharetta, Ga., will be renamed and renovated by the new owners.