Deals
FPA Pays $34M for Los Angeles-Area Community
The 108-unit property was 95.4 percent occupied as of October, per Yardi Matrix data.
Ginkgo Residential Buys Back Durham Property
A NKF team of Alex Okulski, Jason Kon, John Munroe, Sean Wood, John Heimburger and Dean Smith brokered the sale of 501 Towns.
Greystone Arranges Condo Deconversion in Chicago
The 32 units are part of Damen & Fargo Apartments in the city’s Rogers Park neighborhood.
Presidium Group Sells Fort Worth 265-Unit Community
NorthMarq Capital arranged a $19.9 million Fannie Mae acquisition loan for the new owner.
Newly Renovated 280-Unit Dallas Property Changes Hands
The 1971-built community last traded two years ago, when MBP Capital acquired it from Crest Asset Management.
OC Ventures Acquires Chicago Student Housing
The 109-year-old building was redeveloped into student housing lofts back in 2006.
Portland Luxury Asset Sells for $24M
Kidder Matthews assisted C.E. John Co. in the disposition of a 51-unit high-end property located in the Alphabet District.
Affordable Senior Community Changes Hands in Baltimore
BCI Management paid roughly $8 million for the 100-unit property located in the Gwynn Oak submarket.
Savlan Capital Pays $28M for Jacksonville Community
The new owner plans to invest $4.3 million in interior and exterior renovations at the 332-unit property.
Phoenix Property Commands $17M
The buyer received $11.2 million in acquisition financing from Bank of America for the 114-unit asset.