Cities
Local Investor Buys 248-Unit Indy Community
Ardizzone Enterprises paid well over $12 million for the asset. U.S. Bank, the seller, had foreclosed on the property in 2016.
Vintage School’s New Assignment: Mixed-Income Community
Vacant since 1980, the 122-year-old school building will be transformed by Pittsburgh’s housing agency into 35 residential units.
Starlight Acquires Orlando Community
The 356-unit Shingle Creek was developed by Altman Cos. and completed earlier this year. Featured amenities include a swimming pool and spa.
Phoenix Group Acquires $45M Hollywood Community
Institutional Property Advisors represented the seller in its disposition of Vue Hollywood, a 92-unit property that features amenities such as a fitness center and a swimming pool.
Berkadia Completes $31M Sale of SoCal Property
The Enclave at Town Square is situated halfway between freeways 60 and 90, offering easy access to major employers in the Inland Empire and downtown Chino.
Affordable Pittsburgh Asset Receives HUD Loan
Maple Ridge, which was acquired by Telesis Corp. this spring, is a 91-unit Class C rental property located in the East Hills submarket.
The Connor Group Refinances OH Property in $54M Deal
UBS Realty Investors sold The Estates at New Albany, which encompasses 428 units across 42 buildings. The property was 95.3 percent occupied at the time sale.
CBRE Arranges $73M Sale of Denver-Area Luxury Community
The Meadows is a garden-style rental property consisting of 24 two-story buildings spread across 14 acres in Castle Rock.
JV Pays $150M for Brooklyn Senior Housing Community
Located in Bay Ridge, Shore Hill Housing consists of two interconnected 14-story towers totaling 558 units for low-income senior residents.
Affordable Community Changes Hands in Columbus
The sale of Winchester Lakes involved two loans, one in the amount of $17.7 million and other loan of $3.5 million.