Business Specialties
Kiser Group Reps Buyer of Chicago Multifamily Portfolio
The two properties are located in Evanston and used to belong to Stephen Matic. Danny Mantis and Lee Kiser represented the buyer in the $17 million deal.
FCP Sells Affordable Communities in DC Area for $56M
The properties are part of the larger St. Charles portfolio that the company purchased in 2009 and is selling in stages.
Oak Residential Expands Atlanta Footprint
The purchase of The Celebration at Sandy Springs marks the firm’s sixth investment in the market. NorthMarq Capital arranged $23.5 million of acquisition financing on behalf of the buyer.
Inside Lendlease’s Super $2B Partnership
Lendlease Managing Director Jason Alderman details the company’s venture with First State Super. The newly formed platform made its first two multifamily acquisitions, totaling $400 million, in Chicago and Boston.
Riverside Community Gets New Management
UBS Realty Investors, the owner of the 2005-built, 256-unit Inland Empire asset, selected Alliance Residential Co. to oversee property operations.
Campus Apartments Completes 4 Student Housing Properties
The firm spent more than $220 million developing off-campus communities in Knoxville, Tenn.; Ann Arbor, Mich.; and Philadelphia.
NJ Development Gets $52M
Cushman & Wakefield facilitated a construction loan for Waypoint Residential, which will redevelop 435 Main St. in Hackensack into 235 Class A units.
Greystar, Ivanhoé Cambridge Open CA Mixed-Use Community
Avila, located in Old Pasadena, includes 201 units, 30 of which are designated as affordable. The property offers residents access to a dog park and a heated pool and spa.
Marcus & Millichap Closes Chicago Multifamily Deal
The value-add affordable property located in the South Austin neighborhood includes ground-floor retail and is close to Interstate 290 and Loretto Hospital.
KC Portfolio Scores Acquisition Loan
The two market-rate communities located west of Kansas City add up to 132 units and last traded roughly 15 years ago.