Deals
Hawthorne Sells Nashville Apartments for $50M
The 323-unit community last changed hands in early 2015, when Global State Investments sold the property for slightly more than $30 million.
Lonicera Partners Lands $70M for Brooklyn Luxury Development
The acquisition and construction financing from Santander Bank and City National Bank was arranged by JLL Capital Markets for the project at 308 Livingston St.
Bell Partners Snags Virginia Apartments
The purchase of the 217-unit Twenty400 brings the firm’s portfolio of owned and managed assets in the Washington, D.C., metro to 22 communities and more than 6,800 homes.
Boston-Area Community Commands $227M
An affiliate of the DSF Group has acquired the 1,020-unit multifamily property, located in Framingham, from LivCor. The rental community is spread across 27 acres.
Atlanta Rental Asset Commands $40M
FCP has acquired a 310-unit garden-style community in the Embry Hills submarket, bringing the firm’s portfolio in the metro to 1,750 units.
Interwest Acquires Vegas Property for $21M
Interwest Capital Group financed the acquisition of the 100-unit Class A asset with a $12.6 million Freddie Mac loan, and RSE Capital Partners provided preferred equity.
Goldmark Property Management Sells San Antonio Community
The buyer, DJE Texas Management Group, intends to invest more than $600,000 in capital improvements at the 124-unit Autumn Brook.
Phoenix Community Sells for $20M
Sterling Real Estate Partners more than doubled its footprint with the purchase of the 301-unit property. The Bancorp Bank provided acquisition financing.
TruAmerica Buys $152M Las Vegas Property in Record Deal
The acquisition of Allanza at the Lakes represents the highest price paid for a single multifamily asset in Nevada history.
Freddie Mac Offering New Green Mortgage Bonds for Investors
The KG-Deals will be securitized by loans in the Green Advantage program, with the first offering of about $475 million set for marketing next week.