Deals
ACI Facilitates Sale of Sacramento Property
Senior Associate Doug Taber brokered the $4 million sale on behalf of the seller. The buyer was self-represented in the deal.
Madera Cos. Sells Houston Property
The 342-unit Park at Clear Lake last traded in 2015. Keener Investments took out a $23.5 million loan from Värde Partners to finance the acquisition.
Fairfield Residential Buys NC Community for $27M
Capital One originated nearly $22 million in Fannie Mae financing for the acquisition of the 266-unit, mixed-income Durham community.
Lion Real Estate Buys Nashville Community
The nearly $21 million acquisition of the 202-unit Class B multifamily asset marks the firm’s third deal in the metro in less than one year.
SPH Expands UK Student Housing Portfolio
The Singapore-based firm, through three wholly-owned subsidiaries, added more than 1,200 beds across three properties in Southampton, Sheffield and Leeds for about $174 million.
Nashville Four Seasons Project Scores $360M Financing
HFF arranged the funding on behalf of The Congress Group and AECOM Capital, developers of the 542-foot-tall tower that will feature luxury condominiums.
Tennessee Portfolio Changes Hands
Monarch Investment & Management Group purchased the five communities totaling 665 units in Jackson. The previous owner, McDowell Properties, had invested more than $3 million in capital improvements.
Top 5 Multifamily Transactions in Pittsburgh
While investment volume across the metro has fallen sharply since 2017, investors are shifting focus to suburban locations where value-add deals present higher yields.
JLL Finances Little Rock Multifamily Acquisition
The buyer, a joint venture between MLP Investments and Vesta Realty, paid more than $13 million for the 280-unit Class B community.
Wisconsin Housing Project Scores LIHTC Financing
Monarch Private Capital has partnered with KCG Cos. to redevelop an old tannery in downtown Sheboygan into a $28 million, 149-unit affordable apartment community.