Business Specialties
LMC Closes $1.3B Multifamily Fund
The subsidiary of Lennar Corp. announced the final closing of the equity fund, which targets investments in Class A communities across the country.
Seattle Property Lands $52M in Financing
CBRE originated the 10-year mortgage through Freddie Mac, less than a month after a joint venture purchased the 344-unit multifamily asset for $83.2 million.
Phoenix Community Sells for $20M
Sterling Real Estate Partners more than doubled its footprint with the purchase of the 301-unit property. The Bancorp Bank provided acquisition financing.
TruAmerica Buys $152M Las Vegas Property in Record Deal
The acquisition of Allanza at the Lakes represents the highest price paid for a single multifamily asset in Nevada history.
Freddie Mac Offering New Green Mortgage Bonds for Investors
The KG-Deals will be securitized by loans in the Green Advantage program, with the first offering of about $475 million set for marketing next week.
AZ Community Trades for $74M
MG Properties Group used a $49.3 million Fannie Mae loan to finance the acquisition of the 379-unit garden-style property located in Tempe.
ResProp Adds Tampa Communities to Management Portfolio
The two assets owned by Trinity Property Group add up to 160 units and are located within one mile of the University of South Florida.
Investcorp Pays $370M for 5-State Portfolio
The global investment firm acquired 11 multifamily properties totaling 2,615 units from Equus Capital Partners. The assets are located across six metro areas and offer value-add potential.
Praxis Capital Picks Up 539 Units in Greater Atlanta
The company acquired two neighboring communities in Stone Mountain, Ga., for a combined $40.4 million. Berkadia provided acquisition financing.
Tampa Rental Property Commands $26M
The Related Group purchased the 176-unit multifamily asset located in the Bayshore submarket. Cushman & Wakefield represented the seller and secured acquisition financing for the buyer.