Business Specialties
AvalonBay Obtains $185M Refi for 3 Properties
The portfolio features 1,384 units located in Los Angeles, Calif., and in Laurel, Md. Bellwether Enterprise facilitated the loans.
Forge Partners Sells San Antonio Asset
JLL arranged the sale on behalf of the company. The 50-year-old, 202-unit Parker Apartment Homes presents significant value-add opportunities.
Luxury FL Community Sells for $118M
Walker & Dunlop closed the investment sale for The Quaye at Palm Beach Gardens. The company worked on behalf of HG Management and PGIM Real Estate to purchase the community in July.
Marcus & Millichap Capital Arranges $36M for NC Apartments
The company worked with PGIM to secure the financing for Aurora Apartments in Charlotte. Terms for the seven-year loan include an adjustable rate and 30-year amortization.
Palo Alto Housing Unveils Revitalized Affordable Asset
Colorado Park Apartments reopened after a $31.9 million renovation. The property is the oldest in the non-profit agency’s portfolio.
TH Real Estate Picks Up 228-Unit FL Community
The Nuveen affiliate acquired The Atlantic at East Delray in Delray Beach for $54.3 million. An ARA Newmark team represented the seller in this transaction, a joint venture between Pollack Shores and its equity partner.
Affordable Senior Community Opens in Richmond, IL
The 25-unit community offers one- and two-bedroom apartments for $866 and $1,039, respectively, and is Energy Star Certified.
On the Market: 5 Interesting Listings for the Week of 8/14
This week’s listings include a 1901-built Hell’s Kitchen brownstone and a recently upgraded 1924-built property in Burbank, Calif.
Rainbow Tapped for Phoenix Affordable Community
The company will offer the residents of La Palmilla Apartments free on-site programs once the current owner, Reliant Group Management, completes renovations in mid-2018.
PPD Holdings Eyes $111M to Build, Refi
The company received $47 million to refinance a pair of Greater Atlanta communities and awaits final approval of $64 million in construction financing for 464 units in Florida.