Cities
IPA Secures $24M Refi for OC Community
The company arranged the refinancing for Castlewood Park, a 184-unit property in Buena Park, Calif. The debt placement was locked at below-market-rate interest.
Insight Breaks Ground on 2 DC Communities
The R.L. Christian Apartments has been in the works since 2013. Lockwood Apartments will be located within walking distance of Pennsylvania Avenue and two Metro stations.
Top 10 Boston Apartment Owners
Despite rising multifamily property prices, the city has been attracting attention from major investors due to its growing economy and population, as well as its relative affordability.
Hunt Mortgage Provides Refi for LA-Area Community
The company worked on behalf of The Highlander Group to secure a $5.2 million Freddie Mac loan for Candlewood Apartments, a 43-unit affordable property in Whittier.
Starlight Acquires 250-Unit Atlanta-Area Community
Landmark at Coventry Pointe, 95 percent occupied at the time of the transaction, has multiple large employers nearby, including the Gwinnett County Public School System, Publix and Walmart.
JV Acquires $50M CO Community
Completed in 1998, the 220-unit Bluffs at Castle Rock offers a mix of one- to three-bedroom units and is located roughly 30 miles from downtown Denver.
Cardone Capital Buys 507-Unit Houston Asset
Built in 1992, Woodway Square is a luxury community comprising 33 buildings. Its former owner—Fairfield Residential—will continue to manage the property.
Developer Secures $234M for LA Portfolio
G.H. Palmer has obtained cash-out refinancing for Medici and Orsini I, both luxury assets located downtown.
JV Buys 198-Unit MD Asset
Spirit Investment Partners and The Bascom Group acquired Tribeca at Camp Spring, located in the Washington, D.C., metro area.
Bell Partners Snaps Up SoCal TOD for $123M
Avaire South Bay, a 264-unit community that has been renamed Bell South Bay, includes a yoga studio, cyber cafe, game lounge and bike room.