Cities
Loft Apartment Building Sells for $61M in NYC
Meadow Partners sold the market-rate rental property in Brooklyn’s Williamsburg neighborhood. Hodges Ward Elliott arranged the sale of the former industrial asset.
$72M Affordable Project Launched in Brooklyn
The Institute for Community Living is building the 128-unit community, which will include 78 apartments reserved for the formerly homeless.
Adaptive Reuse Project in Kansas City Lands $33M Loan
The redevelopment of the former Commerce Bank Executive Office building in downtown Kansas City, Mo., will create a 184-unit community. Berkadia originated the financing.
Atlanta Multifamily Report – Summer 2019
The metro’s quality of life, relative affordability and strong potential for rent growth continue to support the multifamily pipeline.
Jacksonville Value-Add Community Changes Hands for $35M
The new ownership will invest more than $5 million to upgrade and reposition the 444-unit multifamily property as Topaz Villas JAX.
Turner Impact Capital Buys 659-Unit Houston Property
The buyer funded the acquisition of the 53-building Urban Palms with a $38 million Fannie Mae loan. Walker & Dunlop originated the financing.
CBRE Pays $102M for Nashville Community
The firm selected Greystar to oversee operations at the 367-unit Class A multifamily asset in The Gulch. The property opened its doors in 2018.
Historic Landmark Changes Hands in West Hollywood
Casa Real encompasses 60 units and is located within walking distance of Sunset Boulevard. New owner Concord Capital Partners used a $13.9 million loan to purchase the $17.3 million asset.
Sequoia Equities Buys SoCal Community for $83M
CBRE provided the buyer of the 247-unit Class A asset in the Inland Empire with $52 million in acquisition financing through Fannie Mae.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in May 2019 in New York City.