Deals
Investors Capital Group Sells 264 Units in Albuquerque
Completed in 2000, the sale marks only the second time Canon de Arrowhead traded. JLL originated a $15.8 million acquisition loan for the buyer.
Passco Buys Georgia Community for $58M
Built in 2016, the fully stabilized Class A property sold by Southeastern Development Associates is located in Augusta, a rising cybersecurity hub.
Cortland Acquires UK Multifamily Firm
The purchase comes on the heels of the Atlanta-based investment firm’s $1.2 billion acquisition of Canadian REIT Pure Multi-Family last month.
JLL Arranges Sale, Financing for Portland Asset
Built in 2009, Tupelo Alley includes 188 units and 10,000 square feet of ground-floor retail space managed by Unico Properties.
Boston Capital Expands Houston Footprint
The sale marks the first time the 396-unit Aventura on Briar Forest changed hands since 2007. Canadian Imperial Bank of Commerce originated $39.5 million in acquisition financing.
Franklin Street Arranges $18M Sale in Metro Atlanta
Jake Reid, Chad DeFoor and Dan Phelan represented the seller in the disposition of the 150-unit community in Marietta, Ga.
Atlanta Community Trades for $37M
Taurus Investment Holdings acquired the 192-unit multifamily property in the Midtown South submarket. JLL brokered the transaction and secured $25 million in acquisition financing.
JLL Income Property Trust Buys Phoenix Community for $72M
Wood Partners sold Summit at San Marcos in downtown Chandler, Ariz. The sale marks the first time the 273-unit luxury property traded since its completion earlier this year.
Maryland Apartments Change Hands
Newmark Knight Frank facilitated a $61.8 million acquisition loan for the sale of Concord Park at Russett, a 335-unit community in Laurel.
Abacus Capital Sells Vegas Apartments for $36M
Berkeley Point Capital originated Freddie Mac acquisition financing for the buyer of the 237-unit Class B multifamily asset. The property last traded in 2017 for $24 million.