Cities
Alpha Wave Expands in Utah
The company acquired the 94-unit Park Station Apartments, located in the Salt Lake City submarket of Midvale.
Lane Star Properties Snags $35M TX Community
Walker & Dunlop arranged $26.2 million in acquisition financing for the purchase of Edentree Apartment Homes in Carrollton.
East Bay Community Secures $13M Refi
Walker & Dunlop arranged the loan to retire the previous 10-year, $8.7 million Fannie Mae mortgage for Regency Plaza in Martinez.
Luxury Tower Trades for $131M in Downtown Denver
Northland Investment Corp. purchased the 31-story building as well as a 0.8-acre parcel for future development. The property was 93.4 percent occupied as of June.
Phase 1 of Seattle-Area Senior Housing Debuts
Sustainable Housing for the Ageless Generation and the City of Tukwila, Wash., have opened Tukwila Village, a 193-unit affordable community located within 10 minutes of downtown.
San Diego Community Changes Hands in All-Cash Transaction
Located in the Little Italy neighborhood, the 40-unit luxury community traded for $21.3 million. The asset includes a 2,475-square-foot ground floor retail space.
Hunt Mortgage Provides $11M for Phoenix Community
The loan also includes a $1.6 million future funding commitment designated for capital improvements at the 104-unit Regency Park Apartments.
EJV Buys Vintage Property in FL
American Landmark purchased a 316-unit community in an equity joint venture with RSE Capital. The new ownership will invest an additional $3.5 million to bring the building to contemporary standards.
JV Nabs Apartments in Chicago’s Printers Row
Draper and Kramer and Intercontinental Real Estate acquired Burnham Pointe, which includes 298 units and 255 parking spaces.
PA Community Changes Hands for $12M
The transaction is representative of the strong demand for multifamily assets in the Harrisburg-Carlisle MSA, a growing alternative market, according to Rittenhouse Realty Advisors.