Deals
Colorado Springs Communities Trade for $41M
The Bascom Group partnered with an affiliate of The Axton Group to scoop up the two adjacent assets totaling 486 units from Vukota Capital Management.
Carter Multifamily Buys $84M Georgia Portfolio
The firm picked up 810 residential units across six apartment communities in the Savannah metro area. Carter plans to renovate the properties and upgrade common areas.
Passco Cos. Expands FL Portfolio With $64M Buy
The company purchased a 300-unit luxury community in the Crestview-Fort Walton Beach-Destin MSA, their second multifamily asset acquisition in the area in recent months.
Collins Group Makes 1st SC Acquisition
Cushman & Wakefield’s Tai Cohen, Jordan McCarley and Marc Robinson arranged the transaction on behalf of seller MAS Broken Arrow.
Waypoint Residential Trades Vegas Student Housing
The buyer funded the $23 million acquisition of the 156-unit asset with more than $12 million in CMBS financing originated by Wells Fargo.
JV Acquires 440-Unit Jacksonville Multifamily Asset
Berkadia negotiated the deal on behalf of the buyer and secured acquisition financing. The 2008-built property will undergo a $4.9 million renovation.
Urban Communities Expands AZ Footprint
Seller Firefly Modern Rentals received $14.7 million for Avenue 15. The asset encompasses 148 units and is located in northern Phoenix.
Brooklyn Project Lands $38M Loan
BNS Real Estate and Wonder Works Construction Corp. will build an 11-story, 80-unit community in the Greenpoint neighborhood of the New York City borough.
Orange County Apartments Land $56M Refi
Highland Pinetree Apartments in Fullerton, Calif., was the recipient of the financing secured by NorthMarq through Freddie Mac.
Jones Street Lands $31M for Massachusetts Development
Boston Realty Advisors secured the five-year loan from Cambridge Savings Bank for the construction of a mixed-use development in an Opportunity Zone in North Attleboro.