Deals
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.
Baltimore Luxury Community Nabs Refi Loan
Hunt Real Estate Capital arranged the Fannie Mae conventional multifamily financing for a partnership of local developer Mark Sapperstein and Kinsley Equities.
Rhapsody Wins Management Contract for Quebec Tower
The Canadian firm will oversee the 198-unit Parc Central Laval, developed by Saroukian Group in the city of Laval, roughly 18 miles from Montreal.
Upgrades Boost Fort Worth Asset’s Appeal
Greysteel arranged the sale of a 53-unit community in Fort Worth. Recent capital improvements attracted investors and will enable future rent increases.
Jacksonville Community Trades for $13M
Berkadia originated nearly $11 million in Freddie Mac acquisition financing for the buyer of the 162-unit partially affordable property in the southeastern part of the city.