Deals
The Preiss Co. Acquires Alabama Student Housing Property
The owner has rebranded the community and plans to implement several upgrades.
Bell Partners Acquires Multifamily Duo in Greater Boston
The new owner plans to merge the two assets into a 420-unit community called Bell Westford.
Western Wealth Capital Pays $54M for Phoenix Asset
Tides Equities sold the 316-unit, 18-building community north of downtown, after purchasing it in 2019.
CBRE Brokers $63M Suburban Phoenix Sale
Tyler Anderson, Sean Cunningham, Asher Gunter, Matt Pesch and Mark McFate assisted the seller of the 240-unit property.
Trion Properties Pays $18M for Sacramento Community
Walker and Dunlop acted as equity partner, while Capital One originated a Freddie Mac acquisition loan of $14.2 million.
Washington, DC-Area Community Changes Hands for $84M
The 388-unit Fairmont Garden Apartments in Annandale, Va., will undergo a capital improvement plan.
Security Properties, Rockwood Acquire 938-Unit Portfolio
The partnership purchased three assets in Oregon and Colorado.
Cymbal Development Scores $60M Loan for Florida Project
Aztec Group arranged the construction financing for Oasis Pointe, a waterfront community in Dania Beach, Fla.
Fort Family Investments Lands $271M Refi for Jacksonville Portfolio
NorthMarq arranged the non-recourse Freddie Mac loans for five properties totaling 1,604 units.
SummerHill Pays $81M for San Jose Community
The buyer will raze the existing buildings to develop 115 for-sale rowhouses at the site, using $70.4 million in construction financing.