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.
Hunt Obtains $23M Financing for VA and MD Assets
The company provided an acquisition loan for the 176-unit Trellis at Lee’s Mill Apartments in Newport News, Va., as well as a refinancing loan for the 162–unit Hickory Hill Apartments in Frederick, Md.
Tucson Communities Trade for $45M
The two apartment communities are adjacent to each other, on West Aerie Drive, near Interstate 10. The immediate area boasts a plethora of shopping and dining options.
ABI Brokers $3M Phoenix Sale
Wilshire Place underwent full renovations prior to the transaction, which included interior and exterior improvements. The community is situated near public transportation and schools.
Philly Apartment Portfolio Trades for $8M
The two properties are within five minutes’ distance of each other. New ownership will seek to improve value by renovating specific aspects of the communities.
Greystar Sells 372-Unit Dallas Luxury Asset
The property represents the first disposition made by Greystar Equity Partners VIII. Avana West Lemmon is situated in Uptown Dallas, near multiple shops and restaurants.
Value-Add Portfolio Trades in Norfolk, VA
The five-community portfolio offers 124 units and easy access to the beach. The buildings are located near several planned projects in the Ocean View area.
MGPG Buys AZ Community for $101M
Lakeview at Superstition Springs comprises 44 buildings which overlook five lakes. The apartment community is undergoing a series of interior renovations.
RADCO Sells GA Community for $61M
The property is situated near Atlanta’s Perimeter, and offers residents plenty of shopping, dining and transit options within short distances.
Security Properties Buys $43M Vegas Asset
Martinique Bay received renovations to 91 of its units before being sold off to Security Properties. The company plans to add value to the property by improving the rest of the units and also add exterior upgrades.
ABI Facilitates Sale of AZ Community
The 46-unit community is situated near major employment centers, as well as several schools in Mesa, Ariz. ABI brokered the transaction on behalf of the buyer.