Business Specialties
Little Rock Community Lands $36M Loan
The new, 294-unit community developed by Huffman & Co. received the 12-year financing from Fannie Mae’s Delegated Underwriting and Servicing (DUS) program. Greystone originated the transaction.
Starlight Adds $80M Arizona Community to Portfolio
The investment firm’s U.S. multifamily vehicle acquired the 282-unit luxury property in the city of Scottsdale from Sunridge Apartments, adding to its network of recently completed assets in Southern metro areas.
Pacific Equities Sells Nashville Apartments
The acquisition of the 160-unit community marks the buyer’s fifth purchase in the metro since 2015. Berkadia provided the new owner with more than $11 million in Fannie Mae financing.
Bridge Investment Group Opens SoCal Community
The owner broke ground on the 346-unit Class A multifamily asset in early 2017, with East West Bank providing construction financing.
Tampa Bay Luxury Community Lands $45M Refi
Berkadia has arranged a 10-year Fannie Mae loan for the 227-unit multifamily property on behalf of a subsidiary of Primerica Group One.
San Mateo Community Sells for $26M
Marcus & Millichap’s Levin Johnston arranged the sale of the 38-unit property located within two miles of downtown.
Tides Equities Buys AZ Property for $40M
Berkadia arranged the sale of the 488-unit garden-style community located in Phoenix, approximately 10 miles from downtown. The brokerage firm represented the seller in the transaction.
Western Wealth Capital Sells Phoenix-Area Property
The 153-unit Verde Dimora traded for $27 million, or roughly $177,000 per unit. A team from IPA represented the seller and procured the buyer.
Army Base Gets New Life as Affordable Housing Community
Pennrose is redeveloping the underutilized site of Camp Kilmer in Edison Township, N.J., into a low-income rental property with supportive services for military veterans, families and formerly homeless residents.
Origin Investments Closes Recap of Orlando Community
The company acquired an interest in Rosehill Preserve, a recently renovated 20-building residential community encompassing 396 units.