Deals

Marcus & Millichap Secures Saint Paul Community

The 25-unit community is located in the Merriam Park neighborhood, between downtown Minneapolis and downtown St. Paul. 1880 Marshall Avenue was built in 1964 and renovated in 1978.

Market Rate

JV Lands $40M Twin Cities Affordable Community

Aeon and The Community Development Trust purchased Seasons Park Apartments, a 422-unit community in Richfield, Minn. The transaction marks Aeon’s largest acquisition and the second-largest investment for CDT.

Affordable

Kushner Cos. Lands 1,032-Unit NJ Community

A joint venture between Angelo, Gordon & Co. and Candlebrook Properties sold the asset in Plainsboro, N.J. The buyer assumed the in-place debt on the property.

Market Rate

Regions

Change City

Avesta Communities Enters CO Market

The company plans to implement a renovation plan that includes improvements made to the common amenities and to the unit interiors.
Denver 22 September 2017 20:49
Michaelson Acquires 520-Unit TN Community

Purchased for $48 million, The Metropolitan features one- and two-bedroom floorplans. The community has undergone a multi-million dollar renovation over the past few years.
South 22 September 2017 14:52
HFF Arranges Sale of DE Apartment Community

The 301-unit apartment community known as Brandywine Hundred Apartments changed hands for an undisclosed price. The property is located near major thoroughfares and is 20 minutes away from the Philadelphia International Airport.
Philadelphia 21 September 2017 08:52
CRA, GTIS Acquire Denver Property

HFF’s Denver team represented the seller in the sale of the 256-unit asset. The garden-style property is situated in the heart of a retail corridor.
Denver 20 September 2017 17:19
Greystone Brown Closes Sale of Atlanta Community

The team of Barden Brown, Chandler Brown and Cory Caroline Sams worked on behalf of seller Alexander Properties Group in the $49 million transaction.
Atlanta 20 September 2017 17:05
CBRE Brokers Sale of Ft. Lauderdale-Area Community

Still Hunter and Chris Smiles of CBRE’s South Florida Multifamily Capital Markets team worked on behalf of the seller in the transaction, while Freddie Mac originated the acquisition financing.
Miami 20 September 2017 17:02
Bascom Expands CA Footprint With $17M Buy

Casanova Grove is a 76-unit community located in Monterey.
Los Angeles 20 September 2017 09:17