Deals
Heritage Equity Partners Secures Loan for Brooklyn Project
Madison Realty Capital provided the $53 million financing for construction of the 150-unit development in the South Park Slope neighborhood.
Investors Capital Group Pays $48M for Phoenix Asset
Berkadia provided a $31.4 million Freddie Mac loan to the buyer of the 196-unit property in Gilbert, Ariz.
EB Real Estate Buys South Dallas Community
Berkadia provided a 10-year, $17.3 million Freddie Mac loan for the 270-unit acquisition.
Champion Sells Suburban Nashville Community for $24M
The new owner received a 10-year, $14.3 million acquisition loan from Nationwide Life Insurance Co.
Pair of Oklahoma Manufactured Housing Communities Changes Hands
In separate transactions, two California-based investors acquired Big Bass Park in Checotah and Rolling Acres in Oklahoma City.
BH Equities Sells Tampa Community for $58M
The new owner landed a 15-year $40.6 million Fannie Mae acquisition loan.
Nuveen Buys Orlando Asset for $45M
The 196-unit Lake Vue changed hands for the first time since it was completed in 2016.
Cushman & Wakefield Closes $19M Sale of 2 Florida Communities
Mike Donaldson and Nick Meoli represented the sellers, and Denny St. Romain, Charles Crapse and Alex Kupp worked on behalf of the buyer.
HiCap Closes 2nd Utah Multifamily Acquisition
CBRE arranged a 10-year Fannie Mae loan for the purchase of the 38-unit community in Provo.
Berkadia Acquires Apartment Brokerage Moran & Co.
Veteran dealmaker Mary Ann King will head up Berkadia’s new platform and help oversee the integration of Moran’s 31-member team.