Deals
Chandler Residential Makes Virginia Purchase
The 156-unit property in Newport News last traded in 2017 for more than $19 million.
Covenant Capital Lands $45M Refi for Tampa-Area Community
JLL Capital Markets arranged the Freddie Mac loan for the 464-unit property in Lakeland, Fla.
Orix Affiliate Doubles Portfolio With LIHTC Deal
Boston Financial Investment Management agreed to purchase a 1,200-property fund portfolio, one of the largest of its kind in the U.S.
CBRE Arranges Minneapolis Luxury Community Sale
Keith Collins, Abe Appert and Ted Abramson assisted the seller in the disposition of the 150-unit property.
Marcus & Millichap Arranges $28M Seattle-Area Sale
Senior Vice President of Investments Timothy Ufkes and Associate Evan McLeod represented the seller and procured the buyer.
PENLER Pays $48M for Southwest Florida Community
NorthMarq originated nearly $32 million in acquisition financing for the 248-unit Tradition at Palm Aire.
Advanced Real Estate Services Secures $240M Refi for Multifamily Portfolio
NorthMarq arranged the Freddie Mac and Fannie Mae loans for six communities totaling 1,223 units in Southern California.
East Phoenix Community Trades for $15M
Greystone provided a fixed-rate $10.8 million Fannie Mae loan for the acquisition.
Aimco Spins Off $10.4B ‘Pure’ Investment Entity
The new company, Apartment Income REIT, will benefit from low financial leverage and limited execution risk.
Passco Cos. Pays $78M for South Carolina Property
Southeastern Co. sold the 330-unit community in Bluffton. The new owner retained Greystar as property manager.