Deals
JV Buys $365M Community in LA
The 350-unit property in the Westwood neighborhood also features 50,000 square feet of retail space. The acquisition was financed by a $160 million loan.
Bellwether Enterprise Arranges $10M for Affordable Virginia Asset
The company’s Senior Vice President of the Alabama office, Jon Killough, arranged the financing on behalf of LEDIC Realty, for Willow View Townhomes in Staunton.
SC Luxury Retirement Community Sells for $35M
Senior Living Communities acquired the 248-unit, entrance-fee continuing care retirement property located near Sesquicentennial State Park. Cushman & Wakefield assisted the seller in the disposition.
JV Acquires Tampa Multifamily Portfolio for $64M
TruAmerica and RSE Capital Partners purchased a 262-unit community in Palm Harbor and a 192-unit asset in Pinellas Park. Newmark Knight Frank marketed the properties on behalf of the seller.
EJF Capital Bets on $86M Jacksonville Opportunity Zone Project
The alternative asset manager has joined forces with Chance Partners on the 486-unit community in the city’s San Marco neighborhood, adding to a string of deals in tax-friendly areas.
Metro Atlanta Community Commands $19M
An affiliate of The Beach Co. acquired the 156-unit multifamily asset in Austell. The new owner will continue the interior unit upgrades started by the seller, Arcan Capital.
Philadelphia-Area Property Lands New Owner
HFF arranged the sale of Riverwalk at Millennium in Conshohocken, Pa., to Relative Properties and secured Freddie Mac financing for the buyer.
Affordable Community Breaks Ground Near UMass Amherst
Fountain Residential Partners and HC2 Capital are developing the 150-unit property in Sunderland, Mass., which will include 38 homes for lower-income residents. The project is located just north of the UMass Amherst campus.
American Landmark, RSE Capital Snag $247M Portfolio
The partnership acquired a total of 1,848 residential units across the Dallas-Fort Worth and Nashville metro areas in an off-market deal.
OpenPath Investments Acquires 250-Unit Dallas Community
The new owner intends to invest in improvements at the 2000-built Greens of Hickory Trail. Income restrictions at the 250-unit community will phase out by 2021.