Cities
GFI Acquires Newly Built Dallas-Area Community
Davis Development sold Venue Craig Ranch, a 277-unit, garden-style multifamily property in McKinney, Texas. The buyer is an affiliate of GFI Capital Resources.
Boutique Condo Development Coming to Pompano Beach
Designed by IDEA Architecture + Engineering, Arya Oceanside Residences will boast ocean and Intracoastal views from floor-to-ceiling windows and sliding glass doors.
CA Senior Living Acquires TX Senior Housing Portfolio
The three properties include the 107-unit Village Assisted Living and Memory Care in Denton; the 92-unit Village at Mapleshade in Plano; and the 107-unit Village at Stonebridge in McKinney. The properties opened in 2016, 2015 and 2014, respectively.
JV Invests $23M in Boston-Area Community
Blackfin Real Estate Investors and True North Management Group purchased The Bixby in Haverhill, Mass. The property’s previous owners recently completed renovations.
TX Student Housing Community Opens
Located in the heart of San Marcos, Texas, Pointe San Marcos will cater to students attending Texas State University.
Houston Community Lands $11M Refi
The sponsor obtained a Fannie Mae mortgage to refinance this 300-unit community which sustained no damage in the wake of Hurricane Harvey.
Rent Deceleration Continues in San Francisco
The metro’s economy is strong and market indicators reflect continued growth, albeit at a slower pace than a couple of years ago. As supply continues to catch up with demand, Yardi Matrix expects rents to rise 0.8 percent in 2017.
Suburban Denver TOD Sells for $95M
Wolff Co. sold the 360-unit 8000 Uptown Apartments in Broomfield, Colo., for $264,000 per unit. The property is 96 percent occupied.
LandSouth Breaks Ground on $30M FL Project
The firm is teaming up with Integra Realty to develop the 300-unit Integra Sunrise in Kissimmee, Fla. The property is slated for completion by April 2019.
WWC Enters San Antonio Market
Western Wealth Capital has acquired two communities totaling 480 units. Both properties, Brynwood and Sereno Park, have significant value-add opportunities.