Business Specialties
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.
Luxury Condo Building Tops Off in Bay Harbor Islands
Ability by Acierto’s first South Florida development is a waterfront property that broke ground in June 2017 and is scheduled for completion in July.
MA Modular Development Moves Forward
More than 100 “boxes” that will create residential units in Newton, Mass., are being installed as the mixed-use project prepares for a summer opening.
Cottonwood Residential Sells San Antonio Asset
Working on behalf of the buyer, HFF arranged the acquisition loan for Legacy Heights. Annaly Commercial Real Estate Group provided the financing.
Upscale D.C.-Area Community Breaks Ground
Developed by NRP Group in Clarksburg, Md., the 272-unit property will be situated near the Clarksburg Premium Outlets, an upscale outlet mall developed by Simon and New England Development.
Greystar, Partners Close on $450M Rental Housing Fund
The multifamily giant and investment partners APG Asset Management, Bouwinvest Real Estate Investors and Macquarie will focus on top-tier Chinese markets.