Deals
Claridge Properties Acquires 291-Unit Houston Community
The buyer assumed the existing HUD loan of $9.6 million, originated by Prudential Financial in 2007.
LOCAL Ventures Secures JV Equity, Construction Loan for Boise Project
A Cushman & Wakefield team arranged the package for the construction of a 252-unit downtown community.
DWS Pays $279M for Suburban Seattle Luxury Apartments
The sale of the Bellevue property is the metro’s biggest multifamily deal since last summer.
North Phoenix Community Trades for $24M
The new owner, Rise48 Equity, secured a non-recourse, variable interest rate loan which matures in 2031.
Starwood Sells Miami-Area Community for $64M
Praedium Group purchased the Class B community in Plantation, Fla., with Berkadia originating a Fannie Mae loan.
InSite Property Group Acquires Tampa-Area Storage
Lockhart Storage Center was completed in Spring 2020, following a $6.8 million construction loan originated by Bank OZK.
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.