Deals
BSR Expands Austin Presence With $104M Buy
The Arkansas REIT acquired Madrone and Cielo, two garden-style communities that total 554 units.
NB Private Capital Buys Memphis Student Housing
The 385-bed community serving the University of Memphis changed hands for $27.2 million.
Greystar Sells Portland-Area Community
The 264-unit property in Hillsboro, Ore., is just south of Intel’s massive research and manufacturing campus.
Fort Myers Lakeside Property Gets New Owner
Northland Investment Corp. sold the 350-unit Iona Lakes community for $53 million.
Tides Equities Extends Phoenix Shopping Spree
The investment firm picked up The Edge, a 380-unit community, from Baron Properties for $57.3 million.
Inland Empire Community Commands $54M
The deal marks the second sale of a Southern California property this summer by Klingbeil Capital Management.
JV Buys 128-Unit Houston Community for $11M
JLL secured financing for the acquisition of Candleridge Park Apartments, located 20 miles from downtown Houston.
Atlanta Value-Add Portfolio Sells for $42M
Tenth Street Ventures and Braden Fellman Group plan to renovate and unify the 13 assets into one garden-style community.
Seattle-Area Asset Commands $18M
New Standard Equities acquired the 81-unit apartment building in Des Moines, Wash., which is almost fully occupied.
South Carolina Rental Property Changes Hands
Brick Lane and Enterprise Community Investment acquired the 622-unit property in Columbia with plans to upgrade the asset.