Deals
Sovereign Properties Lands $49M Refi for Texas Apartments
Asia Capital Real Estate provided the loan for the 306-unit Millennium at Hometown in North Richland Hills.
Bell Partners to Manage 8 More Communities
The company will operate Signature Property Group’s existing apartments in North Carolina along with its future developments.
Berkadia Closes $35M Loan for Alabama Buy
Charles Foschini and Chris Apone secured the financing for the buyer of the 431-unit property in Huntsville.
Bluestone Properties Buys Austin Apartments
The purchase of The Ethos reflects the firm’s strategy of pursuing stabilized, high-quality assets in high-growth secondary markets.
JV Buys Phoenix-Area Community for $77M
FCP and Tides Equities purchased the 515-unit property a few miles from downtown Tempe.
Arizona Student Housing Community Changes Ownership
The buyers, Pebb Student Living and Coastal Ridge Real Estate, will rebrand and improve the 456-bed property.
Preferred Apartment Communities Exits Student Housing Market in $479M Deal
The REIT has sold its eight remaining student housing properties that total more than 6,000 beds.
JV Lands LIHTC Equity for Texas Senior Housing Project
Hunt Capital Partners provided financing for the 90-unit, partially affordable development through one of its proprietary funds.
IRET Expands Denver Holdings with $145M Purchase
The firm acquired a 465-unit luxury community in Thornton, Colo., with proceeds from the recent sale of a portfolio in North Dakota.
ZOM Living Sells Recently Built North Dallas Community
A CBRE-sponsored fund purchased the 376-unit luxury property. The seller developed the asset using a $35.8 million construction loan from Texas Capital Bank.