Deals
Two Waters Capital Enters Tennessee Market
The company purchased its first two properties in Chattanooga with more than $31 million in loans.
FCP Pays $18M for Charlotte Community
The acquisition included the assumption of a $10.3 million CMBS, Fannie Mae-issued loan, set to mature in 2024.
Hamilton Zanze Buys Virginia Community for $66M
At the same time, Mission Rock Residential assumed management of the 238-unit property, which is located in Alexandria.
Inland Empire Senior Housing Commands $58M
Cushman & Wakefield negotiated the sale of a Southern California continuing care retirement community to a buyer which plans to convert the asset to a rental property.
Grand Strand Luxury Community Commands $48M
Sillman Enterprises has purchased the 288-unit Class A multifamily property in Myrtle Beach. Cushman & Wakefield represented the seller in the deal.
Monument Capital Management Makes 1st Tennessee Foray
The company represented itself in the acquisition of a 216-unit community in Johnson City, while Cushman & Wakefield acted on behalf of the seller.
Marcus & Millichap Cinches Sales of 6 in New Jersey
In separate transactions, the firm’s Ozturk-Gatto Group negotiated the deals for a half-dozen assets located some 18 miles west of Manhattan.
New York Affordable Housing Property Commands $48M
CBRE Affordable Housing and CBRE’s New York Institutional Group arranged the sale of the 311-unit community in Yonkers, N.Y.
Phoenix-Area Property Trades for $16M
ReNue Properties sold Sonoma Heights, a 96-unit value-add community located in Mesa, Ariz.
Transactions: September 2019
A selection of noteworthy deals announced between July 22 and August 21.