Cities
Frankforter Group Buys Tampa-Area Asset for $59M
Cortland sold the 448-unit community in Lutz, Fla., after six years of ownership. The buyer plans more capital improvements to the 1986-vintage property.
Cedar Grove Capital Buys North Carolina Community
Greystone provided the buyer with $13.2 million in Freddie Mac financing for the 144-unit multifamily asset.
Inland Empire Senior Community Lands $40M in Financing
The new owner took a series of mortgages, revenue bonds and tax credit equity to acquire and fund capital improvements at the property.
Los Angeles Age-Restricted Community Sells for $34M
Positive Investments acquired the 162-unit property, financing the deal with a Freddie Mac loan from Capital One.
Mill Creek Opens 297-Unit Miami Community
Located 100 yards from the shore of Biscayne Bay, Modera Edgewater is the developer’s sixth Miami-area project.
Taurus Adds to Tampa Portfolio with $59M Deal
The real estate private equity firm paid $173,529 per unit for the property, which was previously owned by Preston-Giuliano Capital Partners.
High-End, High-Profile Manhattan Tower Tops Out
The joint-venture project of SJP Properties and Mitsui Fudosan America reaches 52 stories, legal challenges notwithstanding.
MG Properties Buys 2 Los Angeles Communities for $140M
The company’s buying spree continues with the acquisition of two properties totaling 397 units in Canoga Park and Northridge, Calif.
Upscale Dallas Project Lands $56M Financing
Sovereign Properties received loans from JLJ Capital, BridgeInvest and Cottonwood Communities Inc. to develop the $73 million second phase of the Dolce Twin Creeks project in Allen, Texas.
Cushman & Wakefield Arranges $28M Refi for Philly Community
The company acted on behalf of the borrower, a joint venture between Ivy Realty and DW Partners. BBVA was the lender.