Deals
Gelt Increases Denver-Area Presence with $145M Buy
JLL represented the buyer in its purchase of Kallisto at Bear Creek, located in Lakewood, Colo.
Phoenix Asset Trades for $58M
PrivatePortfolio Group purchased the newly built Circa Central Avenue with acquisition financing originated by Nationwide Life Insurance Co.
Covenant Capital Pays $39M for Jacksonville Community
CBRE Capital Markets provided the buyer with a $31.4 million loan through Freddie Mac.
Morgan Properties Buys Pittsburgh Apartments for $29M
CBRE Capital Markets provided more than $20 million in acquisition financing through Freddie Mac.
Cooper Street Capital Sells Albuquerque Community
The investor traded the 105-unit multifamily asset after less than 18 months of ownership. The property was almost fully occupied as of December.
Lion Real Estate Spends $49M in Suburban Nashville
The 350-unit value-add investment marks the company’s third multifamily buy in the metro in the past 12 months.
Colliers Closes Colorado Springs Value-Add Sale
Bill Morkes and Craig Stack represented the seller of the 200-unit community.
Hamilton Zanze Buys Luxury Virginia Asset
The new owner of the nearly 200-unit, Class A community plans to invest in unit updates and sustainability initiatives.
Kiser Group Closes $18M Multifamily Portfolio Deal
The transaction marked the largest deal by sale price closed in Chicago’s South Shore in 15 years.
Hamilton Zanze Continues Buying Streak
The firm’s latest purchase includes two properties in Columbia, Md., both of which will undergo capital improvements.