Deals
Forest Properties Sells Sarasota Community for $42M
The buyer is planning to undertake a thorough renovation of apartment interiors at the 267-unit property.
RISE Properties Trust JV Acquires Seattle Apartments
Mesa West Capital provided $52 million in first mortgage debt for the acquisition and repositioning of Joseph Arnold Lofts.
Griffin Capital Buys 238-Unit Houston-Area Community
The suburban property last traded in 2013 as part of a 24-asset multifamily portfolio.
Portland Multifamily Portfolio Trades for $26M
Trion Properties landed $19.1 million in acquisition financing for the 162-unit, suburban value-add portfolio.
Denver Micro-Unit Community Sells for $23M
Castle Lanterra Properties acquired the multifamily asset within a year of the project’s completion.
JV Acquires Downtown Phoenix Property
Origin Investments and Randolph Street Realty Capital purchased Union @ Roosevelt, situated within a Qualified Opportunity Zone.
Dasmen Residential Pays $30M for Durham Community
The new owner plans to begin capital improvements to update the 26-building property’s units and common areas.
Turner Impact Capital Pays $52M for Las Vegas Community
The new owner’s latest acquisition increases the firm’s Sin City portfolio to more than 1,000 units.
CBRE Arranges San Diego-Area Sale
Big Horn Investment Properties sold the two-building community for nearly $3 million.
California Townhome Property Changes Hands
Levin Johnston of Marcus & Millichap advised the private buyer to offer $40.5 million for the acquisition.