Deals
RADCO Pays $18M for Tampa Bay Community
The new owner plans to invest $2.8 million to reposition the property through unit and amenity upgrades.
Cushman & Wakefield Facilitates Sale of Las Vegas Community
The brokerage firm represented the seller, CALCAP Asset Management, in the disposition of a 112-unit property near the Las Vegas Strip.
Student Housing Portfolio Trades for $250M
Landmark Properties was joined by Korean investors and Ocean West Capital Partners in the five-property acquisition.
Heitman Purchases Boulder Community
The global investment firm acquired the 161-unit asset for the reported price of $62.5 million.
ERES Acquires Dutch Multifamily Portfolio
The transaction, valued at $185.6 million, comes just days after the Toronto-based real estate investment trust completed a public offering to fund current and future acquisitions.
Southwest Florida Community Commands $35M
Phoenix Bay Ventures has sold a 186-unit luxury property in Cape Coral. JBM Institutional Multifamily Advisors brokered the transaction.
Cortland Completes $1.2B Multifamily REIT Acquisition
The all-cash deal includes upward of 7,000 units in the Texas Triangle and Phoenix.
Broadtree Residential Pays $69M for Atlanta-Area Asset
The REIT managed by Broadstone Real Estate has added a 296-unit community to its growing portfolio.
MG Properties Buys Arizona Community for $110M
Everest Holdings sold the 512-unit property in the Chandler submarket, which leads the Phoenix metro area in multifamily absorption.
Transactions: October 2019
A selection of noteworthy deals announced between August 14 and September 20.