Deals
Blue Magma Expands Atlanta Footprint With $22M Purchase
The fully affordable asset in Stone Mountain is the company’s 11th purchase in the area and its fifth LIHTC deal in the last 20 months.
Harbor Group Sells Fort Worth Community
An Institutional Property Advisor team represented the seller and procured the buyer for the 360-unit Coventry at City View.
Arch Cos. Expands Jacksonville Footprint With $40M Purchase
The company closed its second major value-add acquisition in a week, growing its local portfolio with 692 units.
Phoenix-Area Asset Trades for $18M
Cushman & Wakefield’s David Fogler and Steven Nicoluzakis intermediated the sale of a 95-unit community in Old Town Scottsdale, Ariz.
Seattle’s Met Tower Commands $216M
JLL was instrumental in negotiating the sale of the iconic residential building, which is across the street from Amazon’s headquarters.
Raleigh Student Housing Assets Change Hands
The Priess Co. has sold a portfolio of three communities totaling 890 beds to a Chicago-based firm.
South Florida Community Trades for $56M
A Miami-based investment firm picked up the 206-unit residential property in Pembroke Pines, Fla.
IRET Expands Denver, Minneapolis Portfolios
Apart from paying $125.3 million for two communities in Colorado and Minnesota, IRET also sold its entire Topeka, Kan., portfolio for $82.8 million.
Luxury Community Commands $89M Near San Francisco
Essex Property Trust acquired the 132-unit asset in Redwood City. An Institutional Property Advisors team assisted the seller in the deal.
JLL Income Property Trust Buys Charlotte Asset for $55M
The REIT boosted its apartment allocation to more than $950 million by scooping up the new, 230-unit community in the city’s Uptown area.