Deals
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.
Taurus Buys Tampa Community for $43M
The private equity firm scooped up the 280-unit asset for its new value-added multifamily fund. Providence Management Co. sold the property located in the Carrollwood neighborhood.
Standard Communities to Renovate 128 Affordable Units in the Bay Area
The company acquired Parkside Villa Apartments and Rockwell Manor Apartments in Fairfield, Calif., and intends to invest $7 million in upgrades at both properties.
Colorado Portfolio Sells for $207M
Inland Private Capital Corp. sold the three properties totaling 855 units on behalf of an IRS Section 1031 investment program, bringing liquidity to more than 240 investors.
Trio of Midwest Communities Commands $100M
With this acquisition, The Habitat Co. enters the Minnesota market while expanding its multifamily portfolio in Michigan to more than 2,500 units.
Bentall Kennedy Buys $110M Denver Community
The company acquired the LEED Gold-certified, 338-unit asset on behalf of its U.S. core fund, as the city’s economic growth drives a robust multifamily market.
CAPREIT Closes on $279M Dutch Multifamily Sale
The Canadian REIT’s portfolio acquisition creates Canada’s first Europe-focused multifamily REIT. A second bundle of residential assets valued at $110.6 million will change hands in August.
NC Community Changes Hands for $34M
Carlisle Residential Properties sold the 237-unit asset in Greensboro to Grimley Residential in a transaction arranged by Cushman & Wakefield.
New Minneapolis Community Trades for $25M
Roers Cos. sold Mezzo, a 110-unit property in the city’s Arts District. JLL originated a $16.2 million loan for the new owner.
Tampa Community Commands $13M
Axonic Properties has sold the 110-unit multifamily property located near Hillsborough River. Franklin Street represented both buyer and seller in the transaction.