Cities
Skanska Sells DC Project to Northwestern Mutual
The firm sold RESA, a 326-unit luxury residential community and part of a mixed-use development, for approximately $141 million.
Alpha Partners Enters Charlotte With Portfolio Buy
The firm’s first acquisition in the market includes 147 units across three communities. The owner plans to add value to the properties through significant renovations.
Value-Add Asset Draws TN Investor
LEDIC Realty Co. has acquired Enclave at Water’s Edge, a 184-unit community in the IBM area, from Hamilton Zanze & Co.
GVA Real Estate Expands San Antonio Footprint
The new owner financed the acquisition of the 244-unit Kenton Place with a $18.6 million loan from NXT Capital, set to mature in 2022.
HTG Completes 4th Community in Miami-Dade County
The affordable housing developer finished work on Princeton Park, a 150-unit income-restricted property. The Florida Housing Finance Corp. provided part of the financing for the $36 million project.
Denver Opportunity Zone Attracts Cresset-Diversified Fund, Hines
Starting in early 2020, the partners will build North Wynkoop, a 10-story, 392-unit luxury community in Denver’s RiNo neighborhood.
Fort Lauderdale Luxury Tower Lands $140M Refi
SunTrust Banks Inc. originated the Freddie Mac loan. Built in 2017 by Related Group, Rabina Properties and Perella Weinberg Partners, Icon Las Olas provides 272 apartment units.
Colorado Springs Communities Trade for $41M
The Bascom Group partnered with an affiliate of The Axton Group to scoop up the two adjacent assets totaling 486 units from Vukota Capital Management.
Waypoint Residential Trades Vegas Student Housing
The buyer funded the $23 million acquisition of the 156-unit asset with more than $12 million in CMBS financing originated by Wells Fargo.
JV Acquires 440-Unit Jacksonville Multifamily Asset
Berkadia negotiated the deal on behalf of the buyer and secured acquisition financing. The 2008-built property will undergo a $4.9 million renovation.