Deals
California Community Lands $39M Fannie Mae Green Loan
Fannie Mae originated the funds in August, when Afton Properties acquired the asset from Klingbeil Capital Management.
Northern New Jersey Community Sells for $40M
Santander Bank provided $29.4 million in acquisition financing for the purchase of the 123-unit community in Morrisville.
Studio Management Services Acquires Las Vegas Properties
Laurel Park Apartments and Villa Del Rio Apartments sold for a total of $54 million.
3D Investments Trades Las Vegas Community for $19M
The 193-unit garden-style community, built in the 1970s, last changed hands two years ago for $11 million.
Dominium Expands Dallas Presence
Canadian Imperial Bank of Commerce originated a $20.7 million loan for the acquisition of a 200-unit property.
InvestRes Sells Tampa-Area Portfolio for $29M
The two communities in Bradenton, Fla., total 297 units with one property designated fully affordable.
Vulcan Sells Seattle Community for $98M
JLL brokered the sale of Augusta, a 210-unit property that includes ground-floor retail.
Metro Jacksonville Community Changes Hands
Proxima Asset Management sold a 120-unit garden-style community in Orange Park, Fla. Cushman & Wakefield assisted the seller in the transaction.
Harbor Group Pays $59M for DC Luxury Community
JLL provided nearly $46 million in acquisition financing for the buyer of the 243-unit, Class A multifamily asset.
Cushman & Wakefield Brokers $40M Deal in Chicago’s Fulton Market
Managing Directors Todd Stofflet and Jason Stevens worked on behalf of JP Morgan Asset Management in the transaction. RDG Funds was the buyer.