Deals
New Jersey TOD Scores Financing
A JLL Capital Markets team arranged the $19.9 million construction loan for 34 Bank in Netcong, N.J.
Capstone Apartment Partners Closes Sale of North Carolina Value-Add Asset
The Lodge at Lakeshore was 95 percent occupied at the time of the closing. The buyer is a local investor that owns several properties in the Triad.
Vantage Communities Sells Panama City Beach Community
In a deal brokered by Institutional Property Advisors, the Texas investor sold a 288-unit garden-style property comprising 14 buildings.
Las Vegas Rental Property Changes Hands
Element Property Co. acquired the 324-unit Alpine Village community for $36 million in a deal arranged by Berkadia.
Georgia Property Changes Hands in $26M Deal
Greystone Brown Real Estate Advisors assisted The Embassy Group in the disposition of a 264-unit multifamily property located near Fort Stewart Army Base.
Charlotte Community Commands $82M
Lindemann Multifamily Management acquired the 323-unit asset from CampusWorks Development, Kaplan Residential and an affiliate of The Carlyle Group.
Berkadia Brokers Sale of 2 Puget Sound Communities
Senior Managing Director Kenny Dudunakis, along with Senior Directors David Sorensen and Ben Johnson, represented the sellers in each transaction.
Castle Lanterra Buys DC-Area Value-Add Community
The company purchased Capital Crossing, a 15-building property situated at Maryland’s border with Washington, D.C.
Comunidad Realty Sells 208-Unit San Antonio Asset
The new owner assumed the outstanding balance of a $10.4 million Fannie Mae loan, set to mature in 2028.
American Landmark Expands Houston Presence
The new owner will rebrand the 360-unit community and implement a capital improvement program.