Deals
Arbor Realty Finances Charlotte Acquisition
The purchase brings FriedLam Partners’ Charlotte portfolio to 11 market-rate multifamily properties totaling more than 1,500 units across the metro.
Raleigh-Durham Community Sells for $38M
The deal marks Centennial Holding Co.’s second major sale of the year. The firm acquired the asset from Dominion Realty Partners in 2014 for $32.3 million.
Olympus Property Grows DFW Portfolio
The new owner financed the acquisition of the 248-unit Olympus Team Ranch in Benbrook, Texas, with a $23.1 million, 10-year Freddie Mac loan.
Passco Buys 380-Unit San Antonio Community
Situated within the 1.8 million-square-foot The RIM mixed-use development, Tribute at the Rim grants access to the metro’s major employers.
Ventas to Acquire $1.8B Canadian Senior Housing Portfolio
In a partnership with Le Groupe Maurice, the company has signed an agreement to acquire 28 communities totaling nearly 8,000 units across the province of Quebec.
Glendale Apartment Portfolio Commands $79M
Raintree Partners has purchased seven multifamily properties and added 231 units to its growing portfolio of smaller multifamily properties in urban California locations.
NHI Venture Buys Senior Housing Portfolio for $128M
The REIT has teamed up with affiliates of its existing tenant, Discovery Senior Living, to acquire six communities across three states, totaling nearly 600 units of independent and assisted living and memory care facilities.
Phoenix-Area Community Trades for $34M
Virtú Investments sold La Costa at Dobson Ranch, a 194-unit community in Mesa, Ariz. The new owner financed the acquisition through a $22.2 million Freddie Mac loan.
TLC Management Acquires Chicago-Area Apartments
HFF marketed Prairie Winds, a townhome-style community in St. Charles, Ill., on behalf of the seller. The property was completed last year.
StoneBridge Investments Expands Atlanta Footprint
The company acquired a 196-unit property in the Atlanta suburb of Sandy Springs, Ga., from an affiliate of The Milestone Group.