Cities
Wilkinson Grabs Atlanta Multifamily Portfolio
Marquis Investments traded the three Class B communities, which total 456 units in the city’s Brookhaven submarket, for $50 million.
American Landmark Continues NC Expansion
The company has acquired the 339-unit Sterling Town Center in Raleigh and the 312-unit Integra Springs at Kellswater in Charlotte. Both communities will undergo extensive renovations.
3rd Ave Investments Buys Phoenix-Area Asset for $22M
The 276-unit Casa Bellisima is located in Glendale, a submarket with limited inventory but more affordable rents than the urban core.
Walker & Dunlop Secures $20M Loan for Affordable TN Asset
Vice President Rob Rotach secured the financing for the 153-unit Dandridge Towers, an age-restricted asset in southern Nashville, through the HUD program.
On the Market: 5 Interesting Listings for the Week of 8/27
This week’s listings include a transit-oriented project in North Hollywood, a newly constructed luxury community in Des Moines and more.
Development Powers Through in Dallas
In the first half of 2018, roughly 11,500 multifamily units came online in the metro, which boasts the largest pipeline in the U.S.
CBRE Brokers $35M Colorado Springs Sale
Dan Woodward, David Potarf, Matthew Barnett and Jake Young represented seller Griffis/Blessing in the transaction involving a 220-unit garden-style community.
JV Acquires 208-Unit TX Community
JLL Capital Markets arranged the acquisition financing on behalf of Internacional and Dome Equities, which purchased Sunrise Canyon Apartment Homes in Universal City.
Job, Population Growth Bolsters Demand in Houston
After a prolonged dry spell, multifamily rent growth is once again outpacing the U.S. average, reaching 3.9 percent for the 12 months ending in June.
TD Bank Closes $18M Loan for Bronx Affordable Housing
Working on behalf of developers MHANY Management Inc. and We Stay/Nos Quedamos Inc., the loan will go towards the second phase of Phoenix Estates, a 180-unit building in Hunts Point.