Deals
Philadelphia-Area Value-Add Properties Change Hands
Rittenhouse Realty Advisors sold Maple Grove Apartments and Royersford Gardens, two apartment communities located in Montgomery and Bucks Counties.
Riverpoint Partners Buys Raleigh Property for $11M
The firm has expanded its footprint with the acquisition of a 56-unit, boutique community located within less than 1 mile of the city’s downtown.
Las Vegas Rental Property Trades for $52M
NorthMarq Capital provided the buyer, Bluerock Real Estate, with nearly $34 million in financing for the acquisition of the 320-unit Class B asset.
Westmount Buys Vintage Dallas Community
The investor plans a robust upgrade of the 55-year-old asset, which is located west of downtown Dallas in the city’s Kessler Park neighborhood.
IMT Capital Buys Denver Apartments for $120M
CBRE provided nearly $75 million in Freddie Mac financing for the 472-unit multifamily acquisition, the market’s largest single-property deal this year.
Halfpenny Management Picks Up Lehigh Valley Community
Birchwood Commons, a 96-unit residential property in Bethlehem, Pa., was completed last year. A Berkadia team orchestrated the sale and arranged the acquisition financing.
KETTLER Pays $119M for Raleigh-Area Apartments
Pacific Life Insurance provided the buyer of the newly completed 493-unit Class A multifamily asset with $76 million in acquisition financing.
Newmark Knight Frank Closes $59M Orlando-Area Sale
Senior Managing Director Scott Ramey and Executive Managing Director Kevin Judd represented Centennial Holding Co. in the disposition of the 304-unit luxury community.
Seattle-Area Community Commands $56M
RISE Properties Trust and Aegon Real Assets US partnered to acquire the 236-unit property in Federal Way, south of Seattle, with plans to restore and reposition the aging property.
IPA Arranges 247-Unit Community Sale in Fort Worth
The brokerage company represented the seller in the disposition of Creek on Calloway in Richland Hills. The asset received significant interior and exterior improvements since 2013.