Cities
TruAmerica Expands Las Vegas Portfolio With $62M Buy
The previous owner of Tesoro Ranch applied extensive renovations to the amenity package and made interior redesigns. The property previously traded for $49.8 million, in 2015.
JV Secures $47M Loan for Denver-Area Asset
Riverpoint Partners and Iron River Management LLC are developing the four-story, 293-unit community in Lakewood, Colo. An HFF team arranged the financing.
Seattle Modular Building Gets $13M Refi
CBRE secured the 10-year loan for Cubix North Apartments, a 108-unit affordable community in the northern part of the metro. Parkstone Properties owns the project.
OH Community Commands $21M
The 344-unit community in Groveport, Ohio, in the Columbus metro area, is spread across 5.7 acres. The seller was Ardent Communities.
Baltimore Asset Trades in 1031 Exchange
An out-of-state investor acquired Preston Place, a 10-unit property in the Mt. Vernon neighborhood, as part of a 1031 Exchange.
Sacramento’s Rent Growth Still Strong, Not Dazzling
The trend is sustained by an ongoing influx of new residents from pricier Bay Area markets and a limited multifamily supply.
MZ Capital Acquires TN Luxury Asset
The Northbrook, Ill.-based firm will upgrade and reposition the 130-unit apartment and townhome community in suburban Knoxville to meet the growing demand for luxury rentals.
Urban Investment Partners Re-Acquires DC Asset for $22M
The firm purchased the Policy, a 62-unit apartment community in the city’s historic Kalorama neighborhood. UIP previously owned the building from 2008 to 2014.
Centennial Holding Co. Buys Tampa-Area Community
The company has expanded its portfolio with a 125-unit property located in Plant City, Fla. The community changed hands for $18 million.
Luxury Condo Building Tops Out in Fort Lauderdale
The eight-story community on Florida’s Intracoastal Waterway is scheduled for completion this summer. Sobel Co. is the project developer.