Cities
Value-Add Portfolio Trades in Norfolk, VA
The five-community portfolio offers 124 units and easy access to the beach. The buildings are located near several planned projects in the Ocean View area.
MGPG Buys AZ Community for $101M
Lakeview at Superstition Springs comprises 44 buildings which overlook five lakes. The apartment community is undergoing a series of interior renovations.
Mill Creek Starts Preleasing at The Griffith
The 220-unit apartment community in Glendale is within 20 minutes of downtown Los Angeles. The area hosts employers such as Disney’s Grand Central Creative Campus and DreamWorks Animation.
Investors Snag Atlanta-Area Apartments
Franklin Street has facilitated the sale of two apartment properties: Salem Chase Apartments in Conyers, Ga., and Delta Appletree Apartments in southwest Atlanta.
Transit-Oriented Development Accelerates in Queens
An expanding pipeline and affordability issues are putting pressure on rent growth, but the borough’s multifamily market continues to show signs of long-term stability, due to New York’s overall strong fundamentals.
RADCO Sells GA Community for $61M
The property is situated near Atlanta’s Perimeter, and offers residents plenty of shopping, dining and transit options within short distances.
CIM Snags Apartment Community in Suburban DC
EOS Twenty-One offers 1,180 units across 14 buildings. The asset is part of the Van Dorn Corridor and has undergone recent renovations.
Security Properties Buys $43M Vegas Asset
Martinique Bay received renovations to 91 of its units before being sold off to Security Properties. The company plans to add value to the property by improving the rest of the units and also add exterior upgrades.
Venture West Closes $51M Refi
The company has arranged the loan for two properties, totaling 120 units in Los Angeles. The loan was secured through Banc of California.
Vesper Buys 560-Bed FL Community
The student housing acquisition marks Vesper’s second in the USF market. The property offers a mix of two- and four-bedroom units.