Deals
Phoenix Community Changes Hands for $13M
The buyer financed the purchase with a $9.5 million Freddie Mac loan from Prudential Financial.
Elevation Financial Group Picks Up Memphis Property
The company purchased a 155-unit senior housing community, the seventh acquisition by its Elevation Real Property Fund VII in the past ten months.
Berkadia Arranges Sale of 228-Unit Wyoming Community
The company also secured $26 million in acquisition financing on behalf of the buyer.
Russo Development JV Secures Loan for New Jersey Community
In partnership with The Hampshire Cos. and Fourth Edition, the firm will begin construction on Print House by Vermella in Hackensack.
JLL Brokers Sale of Portland Luxury Community
Senior Managing Director Ira Virden, Senior Director Carrie Kahn and Associate Frank Solorzano represented the seller.
Greystone Arranges Refi for San Francisco-Area Community
The Fannie Mae loan refinances two existing loans on the property in Sausalito, Calif.
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.