Cities
Security Properties Snags $81M OR Community
In a joint venture with Cigna Investment Management, the company purchased Arbor Heights, a 348-unit Class A garden-style community. This purchase marks the partners’ fourth acquisition.
CO Asset Commands $96M
Oak Coast Properties has acquired Aurora Hills Apartments, a 47-building, 300-unit apartment community in Aurora. This represents the company’s seventh acquisition in the Denver metro.
SoCal Investor Snaps Up Value-Add Phoenix Apartments
MIG Real Estate has acquired the 1999-built Bayside Apartments, a 176-unit community that includes 22 two-story buildings.
AZ, NC Senior Housing Lands $50M
Greystone arranged the construction financing for the assets, which will comprise a total of 386 units.
TAWANI Develops Chicago Asset
Located in the city’s Rogers Park neighborhood, the building will feature 45 apartments across five stories, as well as three floors utilized for parking.
Inland Atlantic Breaks Ground on Orlando Apartments
The Lofts at South Lake is a 144-unit community in Clermont, Fla. Designed by ORA Architects of Raleigh, the property is slated for completion in November 2018.
ROSS Acquires 210-Unit MD Community
Located in Towson, Md., Versailles Apartments features a car wash, 24-hour emergency maintenance and a playground.
Henley USA Acquires Queens Apartments for $23M
The company plans to renovate the 56-unit property in Jackson Heights, including upgrades to the heating systems and updating common areas.
JLL Facilitates Sale of Texas Community Built in the 60s
The 44-unit community, located off Loop 1604 near Interstate 35 in northwest San Antonio, is a solid investment due to its value-add profile.
San Antonio Asset Trades in Off-Market Deal
Avistar at Chase Hill is an asset built in 1978, minutes from the University of Texas at San Antonio, with significant value-add opportunities.