Cities
Prasiti Asset Manager Acquires Texas Property
A JLL Capital Markets team represented the seller, CEG Multifamily LLC, in its disposition of Retreat at Western Hills, a 224-unit apartment community.
Geller Associates Buys $23M Charlotte Apartments
Hunt Real Estate Capital provided a $18.3 million Fannie Mae DUS loan to finance the acquisition of Fields at Archdale, a 243-unit garden-style community.
LMC Launches Leasing at CA Community
Located in the Southern California seaside town of Carlsbad, the 278-unit Marisol features smart home technology and offers a range of amenities.
Drucker + Falk Buys 396-Unit Hampton Roads Asset
Federal Capital Partners sold the Newport News community for $46.7 million after a 7-year holding period. The new owner is planning on implementing several upgrades.
HAP Investments Promotes Andrea Lawrence to Deputy CEO
Lawrence, who has been with the company since 2013, will work with Co-Founder & CEO Eran Polack to plan, develop and manage the firm’s real estate portfolio.
Red Capital Arranges Loan for Historic PA Conversion
The $7.8 million financing will be used to transform a century-old tobacco warehouse in Lancaster County into Tobacco Road Apartments.
CPC Originates $11M Refi for Brooklyn Assets
The finance company provided the Freddie Mac loans for three multifamily properties in Cypress Hills, Crown Heights and Fort Greene.
Praedium Group Acquires GA Community
The 500-unit multifamily property is spread across 22 three- and four-story buildings in Newnan, Ga.
Meridian Arranges $258M for NJ Multifamily Developments
Madison Realty Capital provided the financing package for the owner, Accurate Builders & Developers, for three multifamily projects in Bayonne, Linden and Raritan, N.J.
CBRE Facilitates $14M Loan for Recently Built NC Community
Kristen Reilley and Nate Sittema led capital markets efforts to secure a 10-year, fixed-rate acquisition financing for Beaucatcher Flats in Asheville.