Deals
Canadian JV to Pay $293M for Vancouver Portfolio
A partnership of InterRent REIT and Crestpoint Real Estate Investments is set to acquire 15 multifamily communities.
UMH Properties Acquires 1st Alabama Asset
The REIT will implement a turnaround strategy at the 195-homesite community in Dothan and infill the property with rental homes.
Tampa-Area Community Trades for $55M
GMC Properties has sold the property to a fund managed by Covenant Capital Group.
Fairstead Buys Jacksonville Asset for $15M
The seller provided the new owner of the 149-unit community with $11.1 million in acquisition debt.
Denver-Area Community Changes Hands for $77M
The developers broke local price records with the sale of the recently completed, 256-unit asset in Longmont, Colo.
Suburban Boston Storage Facility Trades for $25M
Nassau CorAmerica originated a $15.7 million loan for the acquisition of the 970-unit property in Needham.
OZ Impact Funds Spends $100M on MHC Portfolio
The deal comprises 21 communities located in Wisconsin, Nebraska, Illinois, Indiana and Kentucky.
Kiser Group Arranges Suburban Chicago Sale
Matt Halper, Danny Mantis and Lee Kiser represented both parties in the 80-unit transaction in Lockport, Ill.
Foundry Commercial JV Buys Kansas City Senior Community
Built in 2015, the community offers 120 assisted living and memory care units across 100,000 square feet.
Amazon Unveils $2B Affordable Housing Fund
The e-commerce giant joins Facebook, Google and Microsoft in pledging big dollars to apartments for moderate- and low-income renters.