Cities
Deancurt Realty Group Buys Orlando Apartments
The firm purchased the suburban 208-unit Class B community for nearly $24 million, financing the acquisition with a loan and line of credit.
Preiss Acquires 288-Bed Community in San Antonio
Serving the University of Texas-San Antonio, the student housing community will undergo a multi-million renovation plan. The Preiss Co. will manage the property.
Jacksonville Development Gets $39M Construction Financing
Crest Residential’s 256-unit project is estimated to break ground in the spring, financed by a five-year loan from Protective Life Insurance Co.
Columbus Maintains Stable Rent Growth
Although employment growth moderated in 2018 while multifamily development kept a steady pace, the Columbus rental market remains one of the Midwest’s top performers.
Arel Capital Buys 504-Unit Houston Community
Allied Orion Group is overseeing property management for the multifamily asset. The new owner plans to begin renovations this year.
Lev Investments Acquires San Antonio Asset
The sale of the 62-unit Liberty Ridge benefited from a $2.7 million Fannie Mae loan. The community is located just off Interstate 410.
$100M Deal to Preserve Affordability in South Bronx
A joint venture led by NCV Capital partners secured debt and equity to fund and rehab a 13-building, 515-unit affordable housing portfolio.
Luxury San Diego Community Launches Leasing
LMC developed the 220-unit Luma Apartments in the city’s Little Italy neighborhood. The 24-story high-rise is LEED gold certified.
Scottsdale Property Receives $24M Refi
HFF secured the loan on behalf of the borrower, The Sunset Group, for the 134-unit community located roughly 12 miles from downtown Phoenix.
Inland Empire Community Sells for $42M
Berkadia has arranged the sale of the 194-unit property located in Ontario, Calif., approximately 26 miles from downtown San Bernardino.