Deals
S2 Residential Pays $46M for Phoenix Community
Bridge Investment Group provided acquisition financing for the Class B, 320-unit multifamily asset.
Brand Properties Sells Savannah Luxury Community for $48M
The developers built the 235-unit asset within a 300-year old oak grove roughly situated 2 miles from the city’s historic district.
ConAm Group Acquires Las Vegas Apartments
South Valley Ranch is situated in a master-planned community within the submarket of Henderson.
Colorado Community Sells for $92M
Gelt Inc. originally bought Westhills Apartment Homes in Lakewood, Colo., for $66 million and invested $11 million in upgrades.
Fully Affordable Central Coast Community Trades for $63M
CBRE’s Stewart Weston, Dean Zander, Jeff Kunitz and Tim Flint acted on behalf of the 236-unit property’s seller, Vaughn Bay Construction.
Berkadia Arranges $49M Orlando Community Sale
The company’s Cole Whitaker and Mary Beale worked on behalf of seller Aspen Square Management in the disposition of the 278-unit suburban asset.
FCP Expands Orlando Footprint With $25M Buy
The company’s purchase of the 208-unit suburban community brings its Florida holdings to more than 2,700 units.
KeyBank Arranges $33M Fannie Mae Loan in North Carolina
The company worked on behalf of RK Properties for the acquisition of a 292-unit multifamily community.
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.