Cities
GVA Real Estate Group Acquires San Antonio Community
JLL represented the seller in its disposition of the 170-unit Victorian Village. The buyer took out an undisclosed loan for the purchase from MF1, set to mature in 2022.
Silverstone Breaks Ground on $75M NoVa Senior Community
The company will bring 124 assisted living and 30 memory care units to Metro West, a mixed-use, transit-oriented development in Fairfax County.
New Jersey Project Scores $45M Construction Loan
Kushner Real Estate Group broke ground on the 200-unit luxury multifamily community in Bayonne last summer and expects to finish in the spring of 2020.
DC Development Gets $192M in Financing
A joint venture of MRP Realty and FRP Development Corp. is building Bryant Street, a 1,500-unit, mixed-use property in the northeast area of the city.
Rehab Complete on Affordable Sacramento-Area Property
Community Preservation Partners invested $35.6 million at Danbury Park Apartments, a 140-unit asset in Antelope, Calif. Ten percent of the community is now ADA compliant.
CBRE Arranges Acquisition Loan for Austin Student Housing
The 135-unit student housing community features a mix of studios to four-bedroom units. The property serves students attending the University of Texas.
Atlanta Multifamily Portfolio Trades for $105M
In separate deals, McDowell Properties and Vukota Capital Management each purchased portions of the three-property portfolio in Newnan, Ga., from RADCO Residential.
Washington, DC, Multifamily Report – Spring 2019
Despite a boost in development, absorption has kept up pace and the occupancy rate in stabilized properties inched up 20 basis points year-over-year, to 95.3 percent.
Camden Realty Trust Buys Austin Asset for $120M
The Millennium Rainey is a 326-unit, LEED Gold-certified midrise completed in 2016 in the city’s historic Rainey Street district. NKF represented the seller in the transaction.
AvalonBay Sells Houston Property for $98M
Alliance Residential financed the acquisition of the 474-unit Archstone Toscano through a $66.7 million, four-year loan from Zions Bank.