Deals
Trion Properties Purchases Bay Area Community for $21M
The deal marks the first time the property was made available for sale since being built in 1969.
Dasmen Residential Sells Charlotte Community for $48M
The new owner financed the acquisition of the 341-unit property with three loans totaling $42 million.
Pantzer Properties Buys Washington, DC-Area Community for $71M
Berkadia represented the seller in the disposition of the 304-unit Point at Palisades in Manassas Park, Va.
CBRE Facilitates Sale of Los Angeles-Area Community
In July, CBRE’s brokerage team also arranged the sale of a 72-unit property in Los Angeles’ Koreatown. The community sold for $32.4 million at a 4 percent cap rate.
Generic Management, CAF Capital Buy Plano Property for $63M
Phillips Realty Capital advised the partnership on its acquisition of the 459-unit EVOKE.
Sares Regis Spends $68M on Southeast Denver Asset
JLL provided a $47.6 million Freddie Mac loan for the acquisition of the 252-unit community.
Marcus & Millichap Closes Dallas-Area Multifamily Sale
Senior Managing Director Al Silva and First Vice President of Investments Ford Braly represented the seller.
Gebroe-Hammer Arranges $20M New Jersey Sale
Executive Vice President Niko Nicolaou represented the seller of the 60-unit community, and Senior Vice President Adam Zweibel procured the buyer.
Southeast Las Vegas Community Sells for $20M
Seller AllPro Capital acquired the 128-unit property for $9.7 million from 3D Investments in 2017.
AMCAL Equities Acquires Houston Property
Circuit Apartments was built in 2015 and is located in the city’s East Downtown district.