Deals
JV Lands $54M Refi for Connecticut Portfolio
CBRE’s Debt & Structured Finance group arranged the financing, which was provided by Thorofare Capital, to retire the original senior construction loan for Berkeley at Waypointe and Quincy Lofts, located in Norwalk.
JDS Lands $664M Loan to Build Brooklyn’s Tallest Tower
The developer is moving forward with construction of the 575-unit residential skyscraper, which will rise 1,066 feet upon completion, making it the loftiest New York City building outside of Manhattan.
WashREIT Closes First Tranche of $461M Multifamily Deal
The trust paid $379.1 million to acquire five communities totaling 1,685 units in Northern Virginia, as part of a larger portfolio acquisition that will be funded through the sale of office and retail assets.
Vegas Community Trades for $14M
The seller, Strategic Realty Capital, had acquired the 146-unit Class C multifamily asset in 2010 as part of a 475-unit portfolio transaction.
Richmond-Area Community Commands $46M
Colliers International represented a joint venture between McCann Realty Partners and Artemis Real Estate Partners in the sale of the 294-unit Hickory Creek Apartments.
KeyBank Originates $66M in Financing for NY Senior Housing Assets
The lender’s Healthcare Group arranged a $45.8 million first mortgage and a $20.1 million first mortgage through Freddie Mac to refinance two properties.
Exact Capital Rehabs 29 Central Harlem Properties
The firm teamed with Harlem Congregations for Community Improvement Inc. and received private and city funding to help pay for the $26 million in renovations.
Domain Communities Buys Dallas-Area Property
HFF marketed The Villas of Josey Ranch in Carrollton exclusively on behalf of the seller, a partnership between Harbert Management Corp. and Balfour Beatty Communities.
Western Wealth Capital Acquires Phoenix Community
HFF arranged a $21 million loan on behalf of the buyer to purchase Serafina at South Mountain Apartments, a 183-unit property that was 99 percent leased at the time of sale.
Birmingham Community Changes Hands
An out-of-state investor purchased the 74-unit Class C garden-style multifamily asset—its first acquisition in the metro—for nearly $3 million.