Deals
Velocis Makes 2nd Multifamily Acquisition
The company acquired a 240-unit community in Austin, Texas from Stratus Properties.
Houston-Area Self Storage Property Changes Hands
The buyer received a seven-year, $7.9 million acquisition loan from Texas Bank.
MG Properties Pays $145M for Phoenix Community
The 576-unit apartment building last changed hands three years ago for $85 million.
Pretium, Ares Close $2.5B Acquisition of Front Yard Residential
The deal makes Pretium the second-largest owner and operator of single-family rentals in the U.S. and is the SFR industry’s first public-to-private transaction.
Aegis Living, Blue Moon Acquire $350M in Senior Housing
The firms predict a resurgence in demand for assisted living and memory care facilities after the sharp occupancy declines of last year.
Pacifica Cos. Pays $27M for Las Vegas Community
The firm acquired the 195-unit rental component of a 360-unit condominium property in Henderson.
New York Storage Asset Trades for $18M
In 2016, seller and developer DealPoint Merrill financed the 685-unit project in Nanuet with a $6.8 million loan from Standard Insurance.
Cyclone Investment Group JV Buys Georgia Apartments
In partnership with Skywood Properties, the company has acquired the 214-unit Ten35 Gateway asset in the Atlanta suburb of Marietta, Ga.
Cushman & Wakefield Closes $18M Orlando Sale
Executive Managing Directors Mike Donaldson and Nick Meoli represented the seller of the 189-unit lakefront property.
Faring Acquires Las Vegas-Area Property for $84M
The Well in Henderson, Nev., is located within a master-planned community focused on health and wellness.