Deals
Pacifica Cos. Sells North Carolina Community
Capstone Apartment Partners brokered the nearly $17 million sale of the 299-unit multifamily asset in Greensboro.
Palm Bay-Area Community Sells for Record Per-Unit Price
The 100-unit asset traded for $148,000 per unit, a first in Brevard County for a 1980s multifamily property.
Cortland Sells Houston Portfolio
The company purchased the 250-unit Harbor View Apartments and the 234-unit Newport on the Lake in 2012.
FriedLam Partners Acquires North Carolina Portfolio
The 895-unit sale marks the largest portfolio transaction in the Charlotte market this year.
Nashville Community Commands $64M
PNC Bank provided the buyer with more than $45 million in acquisition financing through Fannie Mae.
Transactions: November 2019
A selection of noteworthy deals announced between Sept. 3 and Oct. 8.
FCP Acquires Florida Portfolio for $86M
Avesta Communities sold the 682-unit collection of properties located in Lake Worth and Palm Springs.
Denver Community Scores $69M Recapitalization
The recapitalization will be used to fund existing bridge financing and restructure the capital stack of Loft 9 Apartments.
Hamilton Zanze Enters St. Louis Market
Once again partnering with Cantor Fitzgerald, the firm picked up the 160-unit Tribeca for $44 million.
Manhattan Rental Property Lands $215M Refi
The part-affordable community is located within Essex Crossing, a mixed-use development that will eventually house more than 1,000 apartment units.