Deals
Roxborough Group, SB Real Estate Expand in West Phoenix
The rebranded community is situated near the upcoming $1.7 billion extension of Loop 202. The new owners plan to fully renovate the property.
Monument Capital Management Expands Chicago-Area Portfolio
The company purchased Townhomes at Highcrest in Woodbridge as part of Monument Opportunity Fund IV and is planning capital improvements for all the buildings.
Three Pillars Capital Grows Houston-Area Holdings
The purchase of Camino Del Sol Apartments is the eighth acquisition the firm has made since forming in late 2017.
Former PwC Campus, Converted to Multifamily, Trades in Tampa
Newmark Knight Frank’s Patrick Dufour and Ryan Crowley represented seller Abacus Capital Group, while Bill Weber and Matt Mense arranged the Freddie Mac loan.
Olympus Property Expands in Salt Lake City
The company acquired a Class A, garden-style property in the Salt Lake City suburb of South Jordan, from Woodbury Corp. Built in 2012, the asset consists of townhomes with attached garages.
NYC Moves Forward on $260M Harlem Project
Empire State Development approved a modified plan along with $4.5 million in grants for the redevelopment project, which will include more than 170 affordable and supportive housing units.
Monarch Expands in New Mexico
Marcus & Millichap represented the seller and procured the buyer for the 176-unit Avalon at Carlsbad. Berkadia provided a $24.5 million Fannie Mae acquisition loan.
Phoenix Senior Housing Asset Trades for $27M
Chicago Pacific Founders acquired the 101-unit community, which offers three different levels of care and is located near several health-care providers.
Cortland Partners to Acquire Canadian REIT in $1.2B Deal
An affiliate of Cortland has agreed to buy Pure Multi-Family REIT in an all-cash transaction that will include more than 7,000 multifamily units.
Cushman & Wakefield Brokers $22M Deal in SC
Upstate Property Rentals sold the 22-building, 352-unit property to Nakash Family Land Trust and Mendel Fischer. The asset is located on the I-85 corridor.