Deals
Thrive Senior Living Expands GA Footprint
The Atlanta-based company has acquired Savannah Commons, a 212-unit senior living community, their largest one yet. The property will undergo updates and renovations in the following year.
The Praedium Group Expands Inland Empire Holdings
The New York City-based real estate investment firm acquired Lasselle Place, a 15-building rental community located in Moreno Valley.
Redwood Capital Buys New Charlotte Community
The real estate investment manager bought the 245-unit asset from developer Proffitt Dixon Partners. The property is located in the city’s Ballantyne neighborhood.
Phoenix Apartments Command $69M
CBRE Capital Markets provided Lurin Capital with a $43 million acquisition loan for the purchase of the 283-unit luxury community.
Pizzuti Renovates, Expands Columbus Community
The first phase in the company’s redevelopment effort at the former Grant Oak Apartments is underway. Phase two is slated to begin this fall.
JV Buys Student Housing Near Clemson University
The Preiss Co. and a fund advised by Crow Holdings Capital have acquired a 598-bed student housing community in Clemson, S.C.
Historic Downtown Houston Building Changes Hands
Randall Davis Co. converted the 79-unit Hogg Palace Lofts into a residential property in 1995. The building once served as a showroom and office for automobile retailer Armor Auto Co.
NorthMarq Arranges KS Portfolio Transaction
Senior Vice President & Managing Director Jeff Lamott facilitated the sale of three multifamily assets in Topeka. Vertex Investments is the new owner of the 216 units.
West Shore Invests $44M in SC Property
The company has acquired Riverwalk Apartments, a 307-unit Class A community in Rock Hill, S.C., around 22 miles from downtown Charlotte.
Black Creek Group Expands Footprint With $178M Buy
The company has purchased a 333-unit property in Rockville, Md., and a 268-unit building in Winter Park, Fla.