Deals
Fairstead Pays $30M for Fort Lauderdale Senior Housing
The buyer of the 123-unit Section 8 community in Sunrise, Fla., plans to invest in a multimillion-dollar rehabilitation program.
Pebb Capital Sells 180-Unit Arkansas Property
The firm acquired the asset in 2016 and converted it from a 504-bed student housing property to a 180-unit community.
Prism Multifamily Buys Value-Add Portfolio in Florida for $54M
Newmark Knight Frank negotiated the sale of Hamlet Plantation and Continental Apartments on behalf of the seller.
Capstone Closes Loan on San Diego Student Housing
The financing was provided by Bank of America for an on-campus residence at San Diego State University.
Greystar Acquires Alliance’s Property Management Arm
The country’s largest apartment operator will boost its portfolio by 500 communities and nearly 130,000 units.
IPA Arranges Sale of 288-Unit Texas Community
Executive Director Will Balthrope, First Vice President Tommy Lovell and Associate Richard Robson represented the seller.
Nashville Shipping Container Project Changes Hands
FMBC Investments sold the 83-unit, under-construction development for more than $11 million.
Berkadia Arranges $32M Acquisition Loan for Orlando Asset
Senior Managing Director Charles Foschini and Managing Director Christopher Apone arranged the 10-year Freddie Mac financing.
Beachwold Refinances Orlando-Area Property
JLL Capital Markets secured the Freddie Mac loan for the 240-unit Lake House in Davenport, Fla.
West Shore Expands Southeast Presence
The firm purchased two Class A communities totaling 548 units in Greensboro, N.C., and Columbia, S.C.