Cities
Tampa-Area Community Commands $39M
MLG Capital acquired the 350-unit multifamily property northeast of downtown Clearwater, Fla., assuming more than $28 million in Fannie Mae financing from the seller.
Ashcroft Capital Buys 548-Unit Community
The buyer financed the acquisition of MacArthur Place at 183 with a $42 million loan from Voya Financial. The community last traded in 2014 as part of a five-property portfolio.
CDT Forms JV to Buy 452-Unit Asset for $70M
The Bridge at Asher Apartments acquisition is the company’s fourth investment with the Housing Authority of the City of Austin and its nonprofit affiliate, the Austin Affordable Housing Corp.
Waterton Re-Enters Vegas With $140M Buy
The firm’s portfolio acquisition includes 720 Class A units in two communities. CBRE provided the buyer with financing through Freddie Mac.
Vegas Senior Living Community Trades for $19M
CBRE provided the buyer, ConAm Group, with acquisition financing for the purchase of the 113-unit, Class B asset located in Henderson.
Essex Realty Group Brokers Chicago Community Deal
The buyer paid $5.4 million for a 41-unit building in Logan Square neighborhood. Doug Imber, Kate Varde, Clay Maxfield, Jim Darrow, Jordan Gottlieb and Jordan Multack facilitated the sale.
Tampa-Area Community Trades for $80M
The buyer, a partnership between Providence Real Estate and a Fortune 500 insurance firm, financed the sale with a $55.2 million Freddie Mac loan. Capital Ocean arranged the joint venture.
NY Student Housing Asset Changes Hands
The community serves students attending Binghamton University and includes units raging from one- to six-bedrooms. Vesper Holdings acquired the asset.
Hunt Real Estate Capital Arranges $55M for Austin Apartments
The community is part of a $311 million Texas portfolio acquired in April by American Landmark and Electra America.
Brooklyn Mixed-Income Tower Lands $178M Loan
Completed in 2018, the 26-story community received the new financing through the New York State Housing Finance Agency’s 80/20 Housing Program. Rose Associates and Benenson Capital Partners are the developers.