Deals
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.
FCP Adds to Florida Portfolio With $29M Buy
The real estate investment company bought the 396-unit community in Jacksonville in an off-market transaction.
CAPREIT Grows Ontario Portfolio With $69M Buy
The Canadian REIT funded the transaction with its Acquisition and Operating credit facility.
San Diego Suburban Asset Sells for $66M
IDEAL Capital Group and Aegon Real Assets U.S. bought a community in Oceanside, one of California’s last affordable beach cities, in a deal arranged by CBRE.