Cities
Demand Keeps Up With Supply in Phoenix
Healthy employment and demographic trends are boosting multifamily demand in the Valley of the Sun, where rent growth is expected to reach 5.0 percent this year.
ZOM Living Starts Construction on Dallas Luxury Community
Upon completion in 2020, ATELIER will include 364 luxury units, 41,000 square feet of amenity and retail space, and a 10-story parking garage.
IPA Brokers 2,000-Unit TX Portfolio Deal
The Marcus & Millichap division represented the seller, a Canadian investor, and also procured the buyer. The portfolio traded for the first time in 28 years.
American Landmark Snags Dallas-Fort Worth Asset
A team from Berkadia’s South Florida and Philadelphia offices arranged $32.9 million in financing to purchase Advenir at Mansfield. The new owner intends to renovate the 334-unit property.
CA Property Sells for $16M
Avison Young has arranged the sale of the 28-unit property located in Culver City, approximately 10 miles from downtown Los Angeles.
IPA Brokers Sale of San Antonio Value-Add Community
JBT Investments purchased Fredericksburg Place with the help of a loan from Deutsche Bank. The asset was more than 90 percent leased at the time of sale.
Dalcor Holdings Secures $52M for Houston Affordable Housing
The company’s plan to acquire and restore the 805-unit Vista on Gessner is significant to the area because Hurricane Harvey caused damage to the housing stock.
StreetLights Residential Breaks Ground in AZ
The company assumed a $47.9 million loan to develop The Cameron, a 349-unit luxury community in Tempe.
Dougherty Closes Acquisition Loan for Minneapolis Asset
The company worked on behalf of the borrower to secure the 35-year term HID 223(f) acquisition and rehabilitation loan. The borrower will invest $34,000 per unit in upgrades.
JV’s San Diego-Area Townhouses Near Completion
Pathfinder Partners and D.K. Realty Holdings are developing Paseo Village Townhomes in Ramona. The community will include 31 units across nine buildings.