Business Specialties
Berkadia Brokers Sale of 156-Unit St. Louis Asset
Michael Sullivan, Ken Aston, Andrea Kendrick and Alex Blagojevich of three different Berkadia offices in the Midwest represented seller Mills Properties in the transaction.
Jersey City Waterfront Luxury Community Debuts
The Hampshire Cos. and Claremont Cos. finished work on RIVET, a 163-unit property in the city’s west end. The asset is part of University Place, a master redevelopment plan encompassing eight luxury buildings.
Walker & Dunlop Facilitates $37M South Florida Transaction
Managing Directors Roberto Pesant and Chris Conklin, together with Senior Analyst Omar Morales of Walker & Dunlop Investment Sales represented the seller, Principal Real Estate Investors.
Asset Campus to Manage New Student Housing Community in Austin
The 14-story high-rise development is slated for completion in 2019 and about 10 percent of its units are affordable.
Affordable CA Asset Trades for $30M
Marcus & Millichap facilitated the sale of Grandon Village, a 161-unit community in San Marcos. The age-restricted property was fully occupied upon closing.
IPA Arranges $21M Sale of CT Community
Westwood Apartments is the largest market-rate asset in West Hartford, comprising 200 units and offering residents access to a fitness center, a clubhouse and a swimming pool.
Jones Street Investment Partners Lands CT Property for $137M
Town Walk at Hamden Hills includes 764 units,108 carports and 25 storage units. The community features a playground, barbecue areas and an indoor basketball court.
Sustainability and Profitability: How to Make a Positive Impact
While the elusive task of achieving sustainability in an existing property may seem daunting, there are steps owners and managers can take to make an impact while keeping costs low, resident retention high and the bottom line healthy.
Greystone Arranges $69M for MD Property
Brokers Dan Sacks and Eric Rosenstock of the company’s New York CIty office originated the Fannie Mae DUS loan for the purchase of a 486-unit community in Lanham.
LA-Area Community Sells for $79M
The Korda Group acquired the 288-unit Trails at San Dimas from Stockbridge Capital Group and CNS Focused Investment.