Deals
JV Breaks Ground on Colorado Affordable Project
Alpenglow Village in Steamboat Springs will offer 72 units for individuals with incomes from 30 to 120 percent of the area median income.
CRA, Roxborough Group Sell Las Vegas Portfolio for $138M
The three apartment communities have a total of 1,194 units and were owned by the joint venture for almost three years.
Phoenix Community Changes Hands for $57M
InterCapital Partners picked up the 561-unit multifamily property from value-add specialist 3rd Ave Investments, which bought the asset back in 2016.
Bay Area Properties Sell for $25M
Marcus & Millichap’s Levin Johnston brokered the sale of Village Drive and Carlmont Park Apartments, two communities encompassing a total of 52 units in Belmont, Calif.
Metro LA Community Changes Ownership in $21M Deal
MWest Holdings financed the acquisition of Harbor Terrace with a $15.8 million loan held by Prime Finance Partners. The new owner will renovate and rebrand the asset.
Western Wealth Capital Buys 504-Unit Dallas-Area Community
Berkadia originated a $48 million, Freddie Mac acquisition loan for the new owner. The company intends to implement a five-year, value-add improvement program at the property.
Top 5 Multifamily Transactions in Nashville
Several major deals have closed so far this year, with the bulk of sales including older assets in one quadrant of the metro.
Equity Residential Makes $165M Boston Sale
ING Group provided LaSalle Investment Management and Jefferson Apartment Group with more than $104 million in acquisition financing for a rental community in the city’s Fenway-Kenmore neighborhood.
Related Cos. Sells Affordable South Bronx Community
Prana Investments purchased the 252-unit River Court and Gerard Court. Hodges Ward Elliott’s Daniel Parker, Paul Gillen and Ariel Tambor acted on behalf of the seller.
Cortland Sells Charlotte Community for $107M
Anson at the Lakes, a Class B multifamily asset with nearly 700 units, last changed hands in early 2015 for $60.2 million.