Deals
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.
Capstone Apartment Partners Brokers North Carolina Sale
Austin Green, Brian Ford, Alex McDermott and Caleb Troop represented the seller and procured the buyer. The new owner intends to renovate the 128-unit community.
Value-Add Jacksonville Community Sells for $14M
Newmark Knight Frank assisted InvestRes in the disposition of the 176-unit asset located in the St. Nicholas neighborhood.
Bay Area Asset Changes Ownership
New Standard Equities paid $60 million for the 170-unit garden-style community located in Fremont, Calif.
JLL Negotiates $141M Sale of DC-Area Property
Fairfield Residential purchased Atley on the Greenway, a 496-unit apartment community in Ashburn, Va.
New Jersey Portfolio Deal Scores $228M Loan
Cammeby’s International purchased the six-asset bundle of communities totaling more than 1,800 units.
Manhattan Landmark Gets $386M Refi
Hunton Andrews Kurth LLP advised the owners of 70 Pine St. on the mortgage provided by Goldman Sachs.