Business Specialties
Solomon Org. Expands Pittsburgh Holdings
Siara Management sold the 308-unit Class B property in Moon Township, Pa. M&T Bank provided the new owner with a 15-year acquisition and development loan.
Avesta Sells Orlando Apartments for $46M
The Canadian Imperial Bank of Commerce provided McKinley Properties, the 348-unit community’s buyer, with a $58 million acquisition and development loan.
Hunt Arranges Freddie Mac Loan for Texas Community
The 10-year fixed-rate loan marks the first one ARA closed in partnership with Hunt Real Estate Capital. The Village on West Irving Apartments last traded in October 2018.
Goldman Sachs Buys Nashville Community for $73M
The 321-unit luxury multifamily asset was sold by Lennar. The Canadian Imperial Bank of Commerce provided nearly $50 million in acquisition financing.
Security Properties Expands Its Colorado Portfolio
The Seattle-based firm acquired a 56-unit community in Castle Rock, Colo., for $16.5 million.
Carter Multifamily Increases Jacksonville Footprint
The new owner paid more than $23 million for the 262-unit Class B community and plans to invest in capital improvements to reposition the property.
Nashville Luxury Tower Gets $90M Loan
Square Mile Capital Management originated the loan for a partnership developing The SoBro, a 313-unit community located in the South of Broadway neighborhood.
LCS Adds 2 Senior Living Communities to Growing Portfolio
The senior living operator acquired two Life Plan communities located in Essex, Conn., and Palm City, Fla.
Minnesota Affordable Housing Secures Freddie Mac Loan
Merchants Capital secured financing for Real Estate Equities for the $20 million Technology Park Apartments in Rochester.
LaSalle Property Fund Purchases Phoenix Multifamily Community
The firm acquired the 488-unit luxury San Melia property in the desirable Ahwatukee Foothills submarket on behalf of its U.S. core open-end real estate fund.