Deals

Security Properties Acquires 2 Portland Assets

Security Properties acquired two properties totaling 228 units located near downtown Portland. The company plans to implement a renovation plan for The Commons in order to preserve the long-term affordability of the building.

Market Rate

Berkadia Secures $23M Loan for NC Multifamily Development

Senior Managing Director James Tanner and Managing Director Henry Tanner arranged the financing through a HUD program. The loan will be used for Preserve at Carteret Place, a community in Morehead City, N.C.

Market Rate

Marcus & Millichap Facilitates $30M Sale of Affordable FL Asset

Evan Kristol and Felipe Echarte, first vice presidents of investment, represented the seller, a New York-based investment group, and procured the buyer for Cabana Club Apartments, a 332-unit community for seniors in Miami-Dade County.

Slideshow

Regions

Change City

CBRE Global Investors Fund Lands $51M Denver-Area Asset

Viridian at the Gardens on Havana is a 227-unit property located in Aurora. ARA Newmark worked on behalf of AIG Global Real Estate and Post Investment Group, partners in trading the recently constructed Class A community.
Denver 21 July 2017 13:00
Ridge Capital, Andell JV Snags Sacramento Community

The Class B property traded for $22.4 million and is located in a submarket with a 13.7 percent year-over-year rent increase, almost seven times the national rate.
Sacramento 20 July 2017 17:24
J.P. Morgan Buys $127M Denver Asset

Forum Real Estate Group sold the 300-unit community through HFF. The high-end property is located near the Denver Tech Center.
Denver 20 July 2017 11:29
Tikijian Secures $37M Indianapolis Community

The company represented The RADCO Cos. in the sale of 455-unit Indianapolis asset. The new company changed its name to Ashford at Keystone and plans to renovate unit interiors.
Indianapolis 20 July 2017 06:43
Far South Houston Community Changes Hands

Highland Capital Management sold Regatta Bay Apartments, a 240-unit community in Seabrook, Texas, to Lloyd Jones Capital. This is the eleventh Texas property operated by the new owner.
Houston 19 July 2017 17:34
Richland Living Secures Acquisition Loan for San Antonio Property

Hunt Mortgage Group arranged a $10 million acquisition loan for the 192-unit The Richland Apartments in San Antonio-New Braunfels.
San Antonio 19 July 2017 16:26
Rosewood Closes $83M Queens Sale

President Aaron Jungreis represented both the seller and the buyer in the exchange of the 343-unit portfolio. The seven buildings were constructed between 1913 and 1941.
New York 19 July 2017 15:18