Deals
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.
RISE Properties Buys Seattle Apartments for $34M
The new owner assumed $21.4 million in existing Fannie Mae debt on the 117-unit community.
JPI Sells 5-Property Dallas Portfolio
The sale of nearly 2,000 units marks the developer’s single largest transaction in 15 years.