Business Specialties
On the Market: 4 Interesting Listings for the Week of 11/19
This week’s listings include value-add investments from the beaches of Oahu to the suburbs of Los Angeles, with a large-scale opportunity near the University of Illinois.
Timbers Resorts Opens Luxury Residence Club on Kiawah Island
The $75 million Timbers Kiawah – Ocean Club & Residences is the South Carolina island’s first new residential oceanfront development in more than 30 years.
Pacific American Trades Sacramento-Area Affordable Property
WNC & Associates partnered with the Foundation for Affordable Housing to purchase the 95-unit multifamily asset. The acquisition was funded with $7.4 million in Freddie Mac financing.
Sentinel Sells Sacramento Community
Oakmont Properties paid $44 million for the 168-unit multifamily asset, with CBRE Capital Markets originating more than $25 million in acquisition financing.
Indianapolis Community Lands Refinancing
The Embassy Group, the owner of the 163-unit Class C community, acquired Oak Park from Morgan Properties in August 2015.
Jacobson Co. Pays $41M for Denver Community
Dan Woodward, David Potarf, Matthew Barnett and Jake Young of CBRE represented the seller, Fowler Property Acquisitions, in the transaction.
HFF Closes $31M Loan for Luxury Living Community
The senior living community is restricted to residents age 55 and above and offers convenient access to the First & Main Town Center, a shopping and entertainment destination.
Willner Realty Buys Tampa Luxury Tower
Cushman & Wakefield facilitated the sale of the 320-unit trophy property, just two years after it was acquired from the original developers in an $88 million deal.
JAE Property Group Buys Indy Community
The company purchased a 89-unit garden-style community from Barratt Asset Management, which had acquired the property in 2016 for $1.8 million.
Monarch Purchases Community in East Columbus
Ardsley Ridge Townhomes & Apartments—completed in phases in 1960, 1974 and 1978—consists of 238 units spread across 24 buildings.