Cities
On the Market: 5 Interesting Listings for the Week of 4/16
This week’s listings include a new community in West Seattle, duplexes in Denton, Texas, and 188 units in Phoenix’s busy Camelback corridor.
Blue Magma Acquires 3 Atlanta-Area Properties
The company, together with Rosdev Group, secured the 918-unit portfolio for $44.4 million and plans to renovate the communities.
Waypoint Buys NC Apartments
The company acquired the 214-unit Capital Creek at Heritage, located in Raleigh’s submarket Wake Forest, from TWO Capital Partners for $36.4 million.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in March 2018 in New York City.
TMG Arranges Sale of CA Community
United Development Group traded Casa Del Sol Apartments, a 205-unit community in Bakersfield, to a San Fernando Valley-based private investor.
AZ Senior Community Receives $17M Freddie Mac Refi
Built in 2016, the Phoenix-area American Orchards community offers 38 assisted living and 35 memory care units in two separate buildings.
Top 10 Largest Multifamily Completions in the Midwest
From Chicago to Omaha, multifamily activity across the area has been quite dynamic during the last 12 months, with tens of thousands of units being added to the inventory.
Middleburg Management Taps New President
Duane Wooldridge brings approximately 15 years of operational experience to the organization and will oversee the firm’s property management portfolio.
Prism Picks Up KC Community
The property consists of 54 three-bedroom townhome units, each containing an attached garage and more than 1,500 square feet of living space.
HFF Secures $34M Loan for Denver Asset
Managing Director Josh Simon and Director Kristian Lichtenfels worked on behalf of the borrower to arrange the seven-year loan secured through Freddie Mac’s CME program.