Deals

Kidder Mathews Arranges San Diego Community Sale

Landon Family Trust purchased the five-unit property in Ocean Beach for $1.6 million from The Frederick W. and Leone P. Jackson Trust.

Market Rate

Shorenstein Nabs Manhattan Luxury Community for $57M

HFF brokered the sale and arranged $31 million in financing for the 54-unit, recently renovated apartment building located in Manhattan’s East Village neighborhood.

Luxury

Freshwater Investments Acquires Seattle Community

The Stinson Apartment Homes sold for $16.8 million. The community last traded in 2015, when Fowler Property Acquisitions purchased the asset for $10.6 million.

Market Rate

Regions

Change City

South Phoenix Community Changes Hands for $12M

Cushman and Wakefield brokered the sale of La Reserve on 45th, a 301-unit property in the Maryvale neighborhood. A joint-venture purchased the asset from CEG Operating Partners.
Phoenix 23 June 2017 13:49
Balfour Beatty Snags Suburban Atlanta Assets

The Evergreen portfolio consists of three gated communities that will undergo a series of capital improvements, including exterior and interior upgrades.
Atlanta 23 June 2017 13:03
Georgia Apartment Community Sells for $28M

Cushman & Wakefield’s Robert Stickel worked on behalf of the seller, H. Katz Capital Group Inc., in the disposition of the property.
Atlanta 23 June 2017 09:38
Kiser Group Negotiates $12M Chicago Multifamily Deal

The sale of the 80-unit property marks the highest price per unit—$144,000—for a four plus one asset north of Irving Park Road.
Chicago 22 June 2017 15:49
Electra America Acquires 2nd NC Community

The 300-unit Raleigh property will be rebranded Level at 401 and undergo common-area, apartment renovations and upgrades.
South 22 June 2017 15:48
Nonprofit Sells Fall River Senior Community

Colliers brokered the sale of the 44-unit Bay View independent living community to SMG Inc. The asset is located on a 5.2-acre lot that is suitable for additional development.
Boston 22 June 2017 13:52
MG Properties Snags $134M San Diego-Area Community

HFF marketed the 410-unit property in Vista, Calif., exclusively on behalf of Trammell Crow Residential and its joint venture partner.
San Diego 21 June 2017 19:51