Deals
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.
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.