Cities
FCP Pays $23M for Atlanta Community
The acquisition marks the buyer’s seventh investment in the area. The new owner plans to rebrand the 164-unit Ashford Gardens.
Recently Completed Dallas Community Trades
California-based trust Porgest Properties acquired Digit 1919 in the Cedars neighborhood. The first residents moved into the 102-unit property in late 2017.
Greystone Refinances MI Multifamily Asset
The $11.3 million Fannie Mae loan features a 10-year term and 30-year amortization period. The property is Ranches of Rosebrook in Ypsilanti.
Axonic Properties Sells $16M FL Community
Creative Realty Partners has purchased the 126-unit property with the third highest price per unit for this type of asset in Hillsborough County. CBRE procured both the buyer and the seller.
HFF Completes Sale of TX Student Housing Community
Villas on 26th is one of the seven student housing projects developed by Zucker Properties at the University of Texas at Austin.
Rockford Homes Sells Columbus Multifamily Asset
The new owner, Jeffrey Berlin, financed the acquisition via a 20-year, $5.5 million Freddie Mac loan arranged by Pinnacle Financial Partners.
Affordable LA Community Opens 1st Phase
Affirmed Housing Group and PATH Ventures have finished work on a 65-unit development dedicated to formerly homeless individuals. The building is part of a 187-unit project.
Brooklyn Luxury Community Lands $75M Refi
Cushman & Wakefield arranged the loan for The Lane at Boerum Place, a 108-unit residential tower built in 2017 by Quinlan Development Group and Lonicera Partners.
Top 10 Multifamily Transactions in San Diego
Despite an overall decline in transaction volume across the market, Yardi Matrix data shows several deals upwards of $100 million closed in the past 12 months.
MRC Provides $138M Loan for Manhattan Condo Project
Happy Living Development received financing to build a 155-unit condo project with retail space in West Harlem. Foundation work has already wrapped up.