Business Specialties
SoCal Asset Sells for $20M
The 98-unit Villa Capri in Escondido benefited from an acquisition loan originated by Aetna Life Insurance Co. IPA represented the seller and procured the buyer.
Texas Upscale Community Receives $28M Refi
The 249-unit luxury property in College Station was built in 2016 and is owned by a joint venture between Midway and Harrison Street.
Mixed-Income Development Lands $61M Financing
Mission Trail at El Camino Real in San Marcos is scheduled to break ground in the next few months, with preleasing anticipated to begin this fall.
Interforum Holdings Debuts Chicago-Area Luxury Community
Lakeside Village of Oakbrook, which broke ground back in 2016, offers residents access to amenities including a swimming pool, dog park and rooftop deck.
Suburban NY Community Receives $29 Refi
The KeyBank Real Estate Capital loan will pay off existing debt on Lewiston at Pheasant Run, a 179-unit community in Clinton.
Luxury TX Community Changes Hands
Berkadia’s Senior Managing Director Ryan Epstein and Director Jennifer Ray from the company’s Houston office arranged the sale on behalf of seller Alliance Residential.
Madison Residential Acquires Seattle Community
Opus Bank provided the buyer with more than $12 million in financing for the nearly $16 million acquisition. The 77-unit asset last changed hands in 2014 for $7.6 million.
Nuveen Real Estate Launches $550M Multifamily Fund
The new fund, which targets renters by choice, will focus on acquiring well-located multifamily rental properties with stable occupancies in top-tier cities.
Aulder Capital Pays $44M for MD Community
The previous owner implemented more than $7 million in capital improvements, which included renovating Walker Mill Apartments’ common areas and building systems.
Las Vegas Upscale Community Makes Debut
A joint venture subsidiary of TCI and Southern Properties Capital unveiled Abode at Red Rock, a 308-unit Class A apartment community in the Spring Valley area.