Deals
Tampa Bay Community Changes Hands for $52M
The new owner financed the acquisition of the 320-unit property with a $35 million Freddie Mac loan.
Kiser Group Brokers Chicago Community Sale
Matt Halper and Marco Cesario worked on behalf of the buyer. The 48-unit asset traded for $8.3 million.
Levin Johnston Brokers Sale of Bay Area Property
The brokerage firm represented both parties in the sale of a 49-unit building in San Bruno, Calif.
Raleigh Senior Living Asset Trades for $31M
Buyer Green Courte Partners plans to convert the recently completed property to a full-service independent living community.
Marquette, Principal Real Estate Investors Form JV for Chicago Community
JLL Capital Markets arranged the joint venture equity partnership and a loan from a life company for Marq on Main, located in Lisle, Ill.
NXT Capital Arranges Refi for Kansas City-Area Property
The loan will be used for Promontory Apartments, which is part of a larger redeveloped retail center in Overland Park, Kan.
Lexerd Expands North Carolina Footprint
The firm’s purchase of Ashford Lakes in Hillsborough, N.C., represents its second investment in the area.
Greysteel Brokers Sale of DC Affordable Senior Community
President & CEO Ari Firoozabadi and Director Henry Mathies acted on behalf of the seller and also procured the buyer of the 60-unit building.
Hines Exits Las Vegas Multifamily Market in $80M Deal
The seller had purchased the 308-unit suburban community four years earlier for $58.2 million.
McCann Realty JV Buys 853 Units in Richmond
DRA Advisors is the former owner of Trails at Short Pump Apartment Homes and Villages at West Laurel Apartments & Townhomes.