Deals
Beachwold Secures $38M in Loans for Georgia, Orlando Deals
The multifamily investor acquired a 76-unit community in suburban Savannah and refinanced existing debt on a 400-unit property in Orlando. Both assets are located near major universities.
Passco Grows Houston-Area Portfolio
The Grayson in Spring, Texas, traded for the first time since it came online in 2016. KeyBank Real Estate Capital arranged acquisition financing on behalf of the new owner.
OH Community Sells for $15M
Link Real Estate Group acquired the 432-unit property in Franklin County that last traded in 2010. Income Property Organization brokered the deal.
Greystar Expands in NYC with $240M Buy
The company acquired a 266-unit community situated near retailers, restaurants, entertainment venues, job hubs and public transit nodes in Manhattan’s NoMad neighborhood.
NYC Chalks Up $15M Affordable Housing Preservation Deal
Stakeholders from the government, non-profit and private sectors worked together to buy three apartment buildings in Queens, which will be kept rent-stabilized under the Neighborhood Pillars Program.
Transactions: May 2019
A selection of noteworthy deals announced between March 29 and April 19.
Laurel Street Residential Expands Charlotte Footprint
Bellwether Enterprise provided the buyer of the 98-unit multifamily asset with more than $6 million in acquisition financing through Fannie Mae.
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.