Deals
Transactions: December 2020
A short list of recent major investment sales and financings from coast to coast.
Cannell Capital Partners Acquires Suburban Atlanta Community
Over the past four years, the seller has implemented a $2.2 million capital improvement plan on the 152-unit property.
Alliant Capital Closes Investment in California Affordable Projects
The new communities in Contra Costa and Santa Rosa counties are targeting Northern California’s acute affordable housing shortage.
Northshore Development Scores $36M Construction Loan
JLL Capital Markets arranged the financing for the 258-unit West Shore Apartments in Palm Bay, Fla.
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.