Deals
Affordable Housing JV Pays $72M for California Community
The fully affordable senior property once served as housing for the California School for the Deaf and Blind.
Element Property Co. Buys Arizona Community for $30M
Delivered in 2004 and 2008, Port Royale in Sierra Vista includes 252 apartments across 18 buildings.
Blackstone Pays $175M for Pacific Northwest Portfolio
Built between 1980 and 1992, the Class B properties include 935 units near Seattle plus 104 apartments outside Portland, Ore.
Tower 16 JV Buys 258-Unit Tucson Property
NorthMarq represented the seller and the buyer, as well as arranging financing on behalf of the joint venture.
American Landmark Expands Tampa Portfolio
The acquisition of a 248-unit community in Wesley Chapel, Fla., brings its portfolio in the area to seven communities.
Finkelstein Timberger Secures $186M Bronx Refi
Fannie Mae provided the loan for 16 apartment properties through PGIM Real Estate’s agency lending program.
Sack Properties Acquires Seattle-Area Apartments
The purchase of Chateau Woods marks the company’s third transaction in the last 18 months on Seattle’s Eastside.
Raleigh-Durham Multifamily Wrap-Up – November 2020
FCP, Kane Realty close $236 million deal. Blackstone makes $110 million Raleigh buy. Here’s our November selection of Raleigh-Durham must-reads.
Charlotte Multifamily Roundup – November 2020
Greystar spends $121 million on suburban portfolio. UNC Charlotte housing trades for $95 million. Check out our November selection of Charlotte must-reads.
Beacon Real Estate Group Purchases Atlanta Property
The 198-unit asset in the Morningside neighborhood was completed earlier this year by seller Westplan Investors.