Deals
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.
IPA Closes Suburban Fort Worth Multifamily Disposition
Drew Kile, Will Balthrope, Joey Tumminello and Grant Raymond represented the seller of the 316-unit asset.
IPA Facilitates North Dallas Apartment Sale
Drew Kile, Will Balthrope, Joey Tumminello and Grant Raymond assisted the seller and sourced the buyer.
Trammell Crow Sells Charlotte Apartments for $65M
JLL Capital Markets represented the owner in its disposition of Alexan Optimist Park, a 238-unit property located in the Mill District.
Transwestern, Trammell Crow Sell Denver Community
JLL Capital Markets represented the sellers in the disposition of the 164-unit Alexan Cherry Creek.
Facebook Commits $150M to Bay Area Affordable Housing
The company is targeting 2026 to complete distribution of the fund, which is expected to support the creation of at least 2,000 affordable units.
MG Properties Group Pays $191M for Seattle-Area Community
The 451-unit Class A apartment building in Bellevue, Wash., was completed in 2015.
Spruce Properties Expands to Iowa with $57M Portfolio Buy
The six communities comprising some 500 units are scattered across suburban Des Moines, in Ankery, Waukee and Polk City.
Cushman & Wakefield Arranges Sale of Alabama Apartments
Managing Director Craig Hey and Director Andrew Brown represented The Legacy Cos. in its disposition of a 200-unit property in Montgomery.