Business Specialties
Cortland Acquires UK Multifamily Firm
The purchase comes on the heels of the Atlanta-based investment firm’s $1.2 billion acquisition of Canadian REIT Pure Multi-Family last month.
LA Development Receives $16M Loan
The six-story community will feature a mix of 51 studios and 14 one-bedroom apartments, with seven units designed as affordable.
JLL Arranges Sale, Financing for Portland Asset
Built in 2009, Tupelo Alley includes 188 units and 10,000 square feet of ground-floor retail space managed by Unico Properties.
Boston Capital Expands Houston Footprint
The sale marks the first time the 396-unit Aventura on Briar Forest changed hands since 2007. Canadian Imperial Bank of Commerce originated $39.5 million in acquisition financing.
Franklin Street Arranges $18M Sale in Metro Atlanta
Jake Reid, Chad DeFoor and Dan Phelan represented the seller in the disposition of the 150-unit community in Marietta, Ga.
Atlanta Community Trades for $37M
Taurus Investment Holdings acquired the 192-unit multifamily property in the Midtown South submarket. JLL brokered the transaction and secured $25 million in acquisition financing.
Washington, DC-Area Community Lands $93M Loan
The Fannie Mae financing package will be used for renovations at the community, including a primary goal to increase energy efficiency by at least 30 percent.
Maryland Apartments Change Hands
Newmark Knight Frank facilitated a $61.8 million acquisition loan for the sale of Concord Park at Russett, a 335-unit community in Laurel.
SunTrust Provides $75M Loan for Tampa Project
The Related Group broke ground last year on the 396-unit luxury waterfront community, Town Westshore. The four-story development will include a health spa.
Abacus Capital Sells Vegas Apartments for $36M
Berkeley Point Capital originated Freddie Mac acquisition financing for the buyer of the 237-unit Class B multifamily asset. The property last traded in 2017 for $24 million.