Deals
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.
NorthMarq Acquires Houston-Based CRE Firm
The firms will merge offices in Texas’ biggest city, with KDH bringing a nearly $2 billion loan servicing portfolio to the newly combined company.
JV Sells Las Vegas Community for $79M
Tower 16 Capital Partners and Henley Investments acquired the 512-unit property in mid-2018 and invested more than $4 million into capital improvements.
Hilltop Residential Continues Texas Expansion
In two separate deals, the company purchased the 308-unit Regalia Mansfield in Mansfield and the 291-unit Grand Reserve in Katy.
Gelt Sells Los Angeles County Community for $63M
The company is eyeing $300 million in multifamily purchases throughout the West this year.
Bell Partners Expands Seattle-Area Holdings
The 222-unit property in Redmond, Wash., has been rebranded to Bell Marymoor Park.
Mesa Capital Gets $51M for Georgia Community
The Class A, 328-unit asset is situated near the development site of Columbia County’s first hospital.