Deals
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.
Berkadia Arranges Indianapolis Community Sale
Director Chris Bruzas and Senior Managing Director Alex Blagojevich negotiated the deal on behalf of the seller, Barrett Asset Management.
Strategic Capital Scores $70M Loan for NY Tower
NKF arranged the financing on behalf of the Chinese-backed developer. The 213-unit luxury community in Yonkers, River Club at Hudson Park, is currently being leased.
CBRE to Boost UK Multifamily Presence
By taking over Telford Homes, the company will expand Trammell Crow’s real estate development business into the United Kingdom’s budding build-to-rent housing market.
Eller Capital Buys NC Community for $19M
Carroll Org. sold the 188-unit multifamily asset less than a year after acquiring it as part of a 40-property portfolio.