Cities
Carter Multifamily Increases Jacksonville Footprint
The new owner paid more than $23 million for the 262-unit Class B community and plans to invest in capital improvements to reposition the property.
Nashville Luxury Tower Gets $90M Loan
Square Mile Capital Management originated the loan for a partnership developing The SoBro, a 313-unit community located in the South of Broadway neighborhood.
Minnesota Affordable Housing Secures Freddie Mac Loan
Merchants Capital secured financing for Real Estate Equities for the $20 million Technology Park Apartments in Rochester.
LaSalle Property Fund Purchases Phoenix Multifamily Community
The firm acquired the 488-unit luxury San Melia property in the desirable Ahwatukee Foothills submarket on behalf of its U.S. core open-end real estate fund.
Berkshire Property Holdings Adds GA, Texas Assets
The investment firm acquired two multifamily communities totaling a combined 631 units in College Park, Ga., and El Paso, Texas.
JV Closes on Condo Deconversion in Chicago’s South Loop
River City will receive a full redesign and renovation of its lobby, common areas, residential units and retail components as it transitions to rental.
Portland Luxury Asset Sells for $58M
The 182-unit rental building was completed in 2017 by Fore Property Co. and is located in the Southwest Hills submarket.
Rittenhouse Arranges Sale of PA Apartments
The boutique residential building was acquired by a local long-term holder that plans to renovate the property.
Phoenix Property Changes Hands in $33M Deal
NorthMarq represented the seller in the disposition of the 308-unit Breckenridge Apartments, as well as facilitated financing for the buyer, 3rd Ave Investments.
BSR REIT Acquires 334-Unit Community in DFW Region
The purchase of Riverhill Apartments in Grand Prairie, Texas, was the REIT’s third since its initial public offering on the Toronto Stock Exchange in May.