Deals
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.
Affordable Jacksonville Community Sells for $19M
Alden Torch Financial sold the 224-unit asset in Southridge. Newmark Knight Frank provided acquisition financing for the buyer through Freddie Mac.
Greystone Buys Multifamily Financing Platform for $80M
The company will take over the direct bond purchase business, which has roughly $1 billion in total assets, from Burlington Capital.
Starwood Buys 73-Asset Rental Portfolio in Finland
The global investment firm has partnered with Avara Oy to acquire the 2,200 units across 16 cities in the Nordic nation.
Capital One Closes Freddie Mac Loan for Chicago Property
The 20-year hybrid-rate loan will be used to refinance a mixed-use community in the Wicker Park neighborhood.
Rail Station Location Seals Chicago Deal
Inland Private Capital Corp. facilitated the sale of Kimball Station in a $15.2 million deal.