Deals
Morgan Properties Wraps 18,000-Unit Portfolio Buy
The firm picked up the 80-property portfolio from unrelated seller Morgan Communities, whose leader was indicted earlier this year on federal fraud and money laundering charges.
CBRE Closes Value-Add Sale in Denver
First Vice President Robert Bratley represented the seller in the $6.1 million deal.
Sacramento Community Commands $16M
The 130-unit Regency Apartments traded to a Bay Area-based private investor. The acquisition was financed with nearly $13 million.
Capstone Brokers Sale of South Carolina Community
The company worked on behalf of both parties in the sale of a 304-unit community in Columbia, S.C.
GVA Real Estate Expands Texas Presence With North San Antonio Buy
The new owner will also manage the 328-unit Bella Madera, which last traded five years ago.
Colliers International Facilitates $103M Sale in Richmond
The Class A community is located in West Creek, one of the city’s most popular neighborhoods that is home to several Fortune 500 companies.
Hayden Properties Sells San Antonio Townhomes
The new owner assumed a $13.1 million loan originally taken out in 2014, when purchasing Castle Hills Townhomes.
Crescent Communities Sells Tempe Property
NXT Capital provided $49.9 million in financing for the acquisition of Novel Rio.
Nuveen Expands North Carolina Portfolio
The firm picked up Bell Wakefield, a 360-unit property, for $70.6 million.
Orange County Community Lands $28M Refi
Built in 1968, the 165-unit residential property Vio Tustin is located in Tustin, Calif.