Cities
AmTrust Realty Launches Leasing in Brooklyn
The 270-unit building features a top-floor lounge with views of the Manhattan skyline. Citi Habitats has been tapped to handle leasing.
Burlington Capital Sells FL Portfolio for $37M
The portfolio included the 240-unit Lake Forest Apartments and the 144-unit Jade Park, two communities located side by side in Daytona Beach. Marcus & Millichap brokered the deal.
South Florida Beachfront Ultra-Luxury Condo Gets $558M
The Estates at Acqualina received the construction financing from Bank OZK, allowing The Trump Group to continue development of the $1.5 billion oceanfront condo tower project in Sunny Isles Beach.
FCP Sells Multifamily Assets to Reliant Group for $71M
The sale of the three properties marks the final disposition of FCP’s St. Charles Portfolio, which the company originally acquired in 2009.
IPA Brokers Sale of 224-Unit Property
Working on behalf of Fairfield Residential, the brokerage firm procured the buyer, a private investor. The community is located around 26 miles from downtown Los Angeles.
Wildhorn Capital Nabs 2 San Antonio Communities
Bitterwood Ranch Apartments and Fifth Avenue Apartments have 388 units, which brings the company’s total to 830 units acquired in the area over the past year.
On the Market: 5 Interesting Listings for the Week of 10/1
This week’s listings include a recently renovated community across the street from the University of Miami; an historic five-story building in downtown New Britain, Conn.; and a Spanish Colonial Revival-style property in West Hollywood, Calif.
Orlando Assisted Living Development Lands Recap
Stonegate Development secured a $2.1 million bridge loan from LV Lending to refinance an upcoming 90-unit, Class A community close to Lake Nona.
CBRE Secures $33M Acquisition Loan for SC Community
Vice Presidents Nate Sittema and Kristen Reilley represented the buyer in the transaction. The Apartments at Brayden is a recently built asset southeast of Charlotte, N.C.
Beacon Communities Completes First Phase of $30M Rehab Project in NY
Martin Luther King Apartments, an affordable housing property in Troy, is undergoing extensive renovations under Housing and Urban Development’s Rental Assistance Demonstration program.