Deals
Passco Finds a Jewel in Houston Suburbs
The investor acquired the newly renamed Sapphire Bay Apartments in Baytown, Texas.
Wood Partners Trades Phoenix Community for $64M
The transaction comes on the heels of the developer’s sale of another asset in the metro for $72 million.
Aspen Square Management Sells Sacramento-Area Apartments
A 114-unit community in Carmichael, Calif., traded for a record-setting $203,000 per unit.
Virginia Beach Community Trades for $49M
Saltmeadow Beach, a 229-unit multifamily property built in 2006, was purchased by Capital Square 1031.
Miami Luxury Community Commands $90M
AvalonBay Communities purchased the 314-unit asset less than a year after another major acquisition on the Florida coast.
IPA Represents Wood Partners in $72M Phoenix Deal
The sale of the 273-unit Class A community, completed in 2018, is the developer’s second disposition in the metro this year.
Tides Equities Makes $25M Value-Add Move in Phoenix
The new owner plans to invest $5 million in capital improvements to the 240-unit Class C multifamily asset.
Fort Myers Property Commands $65M
Channelside, a four-year-old Class A asset, changed ownership in a deal arranged by NKF.
Rockworth Pays $49M for Georgia Rental Asset
The 300-unit Mandalay Villas is situated in McDonough, Ga., less than 30 miles away from Atlanta.
Praedium Group Buys Orlando-Area Community
Pollack Shores Real Estate Group completed the 237-unit luxury community in Maitland, Fla., last year.