Deals
NorthRock JV Acquires Phoenix Community for $55M
Berkadia provided the buyer of the 376-unit multifamily asset with a $39 million, 10-year Fannie Mae acquisition loan.
OC Ventures Acquires $62M Student Housing Portfolio
The portfolio’s new owner took two Fannie Mae loans totaling $44 million to finance the acquisition.
Amherst, Front Yard Residential to Merge in $2.3B Deal
Amherst will acquire Front Yard in a transaction that is expected to close in the second quarter of 2020.
Hines Picks Up Amsterdam Mixed-Use Development
Pontkade Phase 3 was acquired through the firm’s Hines Pan-European Core Fund.
Brookfield Asset Management to Buy Manhattan Tower for $447M
The 36-story property, dubbed The Olivia, was sold along with an adjacent land parcel.
Kennedy Wilson Sells London Community for $130M
The property totals 294 units across two towers, located in the suburb of Ilford, England.
Columbia Property Trust Buys Northern New Jersey Community
JLL secured a two-year, floating-rate loan of $20.5 million on behalf of the buyer.
Bascom Arizona Ventures Buys Phoenix Class A Community
The company paid more than $11 million for the 37-unit asset, with Comerica Bank providing acquisition financing.
3CM Multifamily Buys San Antonio-Area Property
Berkadia arranged the sale of the 152-unit Brownstone Uvalde community in Uvalde, Texas.
Steadfast Cos. Acquires Northern Colorado Asset for $29M
The buyer financed the purchase through a Fannie Mae line of credit.