Cities
Berkadia Arranges Sale, Financing of TX Property
Olympus Properties purchased the 346-unit Houston-area community from Trammell Crow Residential and Prime Property Investors.
On the Market: 4 Interesting Listings for the Week of 9/10
This week’s listings include a box factory that was remodeled into multifamily in 2017, located in Richmond’s Manchester neighborhood, as well as a property in Albuquerque that presents a unique opportunity.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in August 2018 in New York City.
Cohen-Esrey Acquires 352-Unit KC Community
The previous owner of the 1986-built property invested close to $2.5 million in renovations and upgrades during the last five years.
Age-Restricted Community in DFW Changes Hands
Marcus & Millichap brokered the sale of the 240-unit senior community located south of central Dallas. The buyer received a $20.3 million, 10-year Fannie Mae acquisition loan.
Spectrum Retirement to Add 2 Properties in Suburban Chicago
The communities located in Elgin and Algonquin are set to provide a total of 341 units, including independent living, assisted living and memory care facilities.
City Club Apartments Breaks Ground in KC
The development is located in the city’s Crossroads neighborhood and is set to include 283 units, as well as retail and dining space.
Jacksonville-Area Communities to Receive $58M in Construction Financing
Walker & Dunlop facilitated loans for the 348-unit Beachwalk Apartments and the 285-unit Atlantica Isles, both located in St. John’s upcoming Beachwalk master-planned community.
Arlington Apartments Change Hands
A private investor picked up the 143-unit metro Dallas property, financing the acquisition with a $9 million Fannie Mae loan originated by Dougherty Mortgage.
Western Wealth Sells 79 Phoenix-Area Units
Scottsdale Haciendas previously traded in 2014, when the current seller shelled out $9.1 million for the value-add asset located close to McDowell Road.