Deals
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.
Wildhorn Capital Buys 264-Unit Community
CBRE originated a $24.4 million Freddie Mac acquisition loan for the new owner.
Transwestern Closes 2 Maryland Sales Worth $96M
Both are value-add properties in the suburban towns of Glen Burnie and Silver Spring, Md.
CapitaLand Forms $300M US Apartment Venture
The Singaporean property giant has teamed up with an Austin, Texas-based firm to acquire and develop multifamily assets in the Southeast and Southwest.
Group P6 Lands $69M Loan for Florida Luxury Condos
Meridian Capital Group arranged the financing for construction of the 48-unit Royal Palm Residences in Boca Raton, Fla.
Essex Realty Arranges 2 Sales in Chicago’s Lincoln Park
The brokerage worked on behalf of all parties in the sales totaling $14.4 million.
Blackstone Pays $100M for Orlando Luxury Property
The 428-unit Class A community traded for the first time in more than a decade.