Deals
EJF Capital Backs $95M DC Development
The alternative investment manager has teamed up with Donatelli Development and Blue Skye Development on the 262-unit multifamily community within an Opportunity Zone.
Florida Community Sells for $92M
The buyer, American Landmark Apartments, plans an additional $6.2 million in capital improvements at the 448-unit community located in Boca Raton.
Morgan Properties Buys TN Apartments for $27M
Berkadia provided the buyer of the 212-unit, Class B community in Nashville with more than $23 million in Freddie Mac acquisition financing.
Baron Properties Sells Phoenix Asset for $9M
The company had owned the 68-unit community in Christown since 2016, when it acquired it for almost half the current price.
California Mixed-Use Project Lands $32M Loan
Parkview Financial provided the construction financing for a three-building development in Poway, a northern suburb of San Diego.
Southwood Realty Buys South Carolina Community for $41M
The 20-building property in the Columbia suburb of Blythewood has been renamed, and the buyer has plans for a value-add program. Cushman & Wakefield represented the seller in the transaction.
Transactions: June 2019
A selection of noteworthy deals announced between April 23 and May 14.
JV Closes on $57M Canadian Multifamily Portfolio
Marlin Spring and Greybrook Realty Partners teamed up to purchase a 520-unit, four-building portfolio in the capital city of Ottawa and nearby Gatineau.
North Carolina Student Housing Community Lands $19M Loan
Hunt Real Estate Capital provided the 10-year Fannie Mae financing for the 270-bedroom community just outside of Wake Forest University. The borrower completed an expansion of the property earlier this year.
White Eagle Buys Charlotte Community for $32M
The company purchased the 240-unit York Ridge from FCP and High Real Estate Group with plans to reposition and rebrand the asset, in the latest deal for the city’s robust multifamily sector.