Deals
GVA Real Estate Group Acquires San Antonio Community
JLL represented the seller in its disposition of the 170-unit Victorian Village. The buyer took out an undisclosed loan for the purchase from MF1, set to mature in 2022.
New Jersey Project Scores $45M Construction Loan
Kushner Real Estate Group broke ground on the 200-unit luxury multifamily community in Bayonne last summer and expects to finish in the spring of 2020.
DC Development Gets $192M in Financing
A joint venture of MRP Realty and FRP Development Corp. is building Bryant Street, a 1,500-unit, mixed-use property in the northeast area of the city.
NJ Affordable Housing Portfolio Lands $60M Loan
RED Mortgage Capital has secured the financing for the acquisition of 18 multifamily properties in Union City through Freddie Mac’s Optigo Small Balance Loan program.
Atlanta Multifamily Portfolio Trades for $105M
In separate deals, McDowell Properties and Vukota Capital Management each purchased portions of the three-property portfolio in Newnan, Ga., from RADCO Residential.
Vitus Acquires 2 GA Affordable Housing Assets
The developer will invest a combined $12.5 million to renovate the properties, one of which was damaged by Hurricane Matthew in 2016, and keep them available to low-income residents.
Peak Campus to Manage 182-Unit Kentucky Student Housing
The brand will grow its 50,000-bed nationwide portfolio by operating The Mark at Lexington, a 676-bed community serving students at the University of Kentucky.
Camden Realty Trust Buys Austin Asset for $120M
The Millennium Rainey is a 326-unit, LEED Gold-certified midrise completed in 2016 in the city’s historic Rainey Street district. NKF represented the seller in the transaction.
AvalonBay Sells Houston Property for $98M
Alliance Residential financed the acquisition of the 474-unit Archstone Toscano through a $66.7 million, four-year loan from Zions Bank.
Equity Residential Buys DC-Area Apartment Community
HFF marketed the property in Rockville, Md., on behalf of the seller, a partnership of Hanover Co. and Berkshire Residential Investments.