Cities
Origin, Draper and Kramer Acquire Suburban Chicago Property
The joint venture purchased the 448-unit community for $48 million.
REIT Pays $45M for 256-Unit Austin Community
Canyon Resort at Great Hills traded for roughly $173,830 per unit.
Honey Hill Apartments’ First Sale
The new ownership group plans to invest $3 million in capital improvements in the first 12-18 months.
Berkadia Lines Up $34M Refi for Richmond Asset
The firm worked on behalf of Stone Creek Apartments to arrange a HUD loan for the 264-unit property.
Wendover Housing Announces Affordable FL Community
Construction on the development will be completed in November 2017.
JV to Build $75M Denver-Area Luxury Community
The community, called Legacy on the Promenade, will feature 300 units within the Westminster Promenade.
Dougherty Mortgage Secures Refi for Arizona Community
The company has arranged a $2.7 million loan for the affordable apartment community located in the Tucson-area municipality of Green Valley, Ariz.
Princeton Enterprises Nabs Richmond-Area Community
Webster Court in Petersburg traded for roughly $18,750 per unit.
On the Market: 5 Interesting Listings for the Week of 1/4
This week’s listings include two contiguous waterfront properties on Florida’s Isle of Capri and a newly constructed community near Fresno’s High Speed Rail.