Deals
CBRE Facilitates $11M Michigan Sale
Peak Capital Partners is the new owner of Arbors of Georgetown, a 160-unit affordable housing property in Landing. Jim Flinn arranged the financing, while Ben Barker assisted the seller.
Luxury Nashville Community Sells for $69M
KeyBank provided buyer Bluerock Real Estate with a seven-year, $48 million Freddie Mac acquisition financing package for the 334-unit Class A community.
Beachwold Residential Expands Dallas Presence
AIG secured $45 million in acquisition financing for the new owner of Austin at Trinity Green, a 355-unit property completed two years ago.
Georgia Portfolio Changes Hands for $203M
Carter Multifamily and RSE Capital Partners have acquired the 11 properties totaling 1,966 units. The Class B and Class C communities are located in the Savannah area, Augusta, Canton and Macon.
Presidium Group Sells 360-Unit San Antonio Community
Wells Fargo provided the new owner with a $25.6 million Freddie Mac loan set to mature in 2029. As of June, Axio Apartments was 91.1 percent occupied.
TruAmerica Pays $77M for Phoenix Apartments
The multifamily investment firm increased its Arizona presence with the purchase of a 520-unit apartment community that it plans to renovate.
Taurus Investment Holdings Buys Midtown Atlanta Property
251 North Apartments sold for $36.5 million and is within a short walk of Ponce City Market. This purchase brings the firm’s portfolio to a total of 2,930 units.
SWBC Acquires Value-Add Asset in West Austin
SWBC plans to further upgrade the rental units and bring the garden-style community up to current standards for high-end assets.
Bluerock Acquires 644 Units in Scottsdale’s Old Town
The property last traded three years ago, for $80.9 million, when it also became subject to a $60.7 million CMBS loan.
Thayer Manca Shells Out $40M for Tucson Asset
The new owner of Palm Canyon Apartment Homes will invest approximately $13,500 per unit for interior and exterior renovations, along with a sustainability package.