Deals
AZ Community Trades for $74M
MG Properties Group used a $49.3 million Fannie Mae loan to finance the acquisition of the 379-unit garden-style property located in Tempe.
McDowell Properties Sells Multifamily Portfolio
Cushman & Wakefield facilitated the sale of the three assets, which included a total of 697 units in Kentucky and Mississippi.
CBRE Brokers Sale of Value-Add Asset in Atlanta
White Eagle Property Group acquired the 228-unit property from Atlantic & Pacific Companies. CBRE’s Shea Campbell, Kevin Geiger, and Don Hoffman worked on behalf of the seller.
Security Properties Expands Nevada Holdings
The Seattle-based company purchased The Edge at Traverse Point, a Class A property with 296 units located in Las Vegas’ Henderson submarket.
Investcorp Pays $370M for 5-State Portfolio
The global investment firm acquired 11 multifamily properties totaling 2,615 units from Equus Capital Partners. The assets are located across six metro areas and offer value-add potential.
Praxis Capital Picks Up 539 Units in Greater Atlanta
The company acquired two neighboring communities in Stone Mountain, Ga., for a combined $40.4 million. Berkadia provided acquisition financing.
Tampa Rental Property Commands $26M
The Related Group purchased the 176-unit multifamily asset located in the Bayshore submarket. Cushman & Wakefield represented the seller and secured acquisition financing for the buyer.
Greystar Buys 668-Unit Houston Community
Avana Eldridge, formally known as AMLI on Eldridge Parkway, changed hands after 15 years. The sale was financed through a $65 million Fannie Mae loan.
2 Florida Projects Get $67M in Construction Loans
Developers in Miramar and Palm Bay plan to build communities with 280 units and 197 units, respectively. Hunt Real Estate Capital provided the HUD financing.
JV Lands $415M Loan for Manhattan Tower
Douglaston Development brought in Ares Management Corp. as a partner in its 58-story multifamily project just south of Hudson Yards. The building will offer a mix of affordable and market-rate units.