Deals
Westmount Expands San Antonio Presence
The new owner intends to invest in a capital improvement program on both interiors and exteriors at the 300-unit The Pointe at Ramsgate.
Charlotte Community Trades for $34M
Greystone provided the buyer, Dasmen Residential, with a 10-year Freddie Mac acquisition mortgage for the Class B, 320-unit multifamily asset.
$79M Mixed-Use Project Coming to Suburban Denver
A joint venture of Northstar Commercial Partners, Milender White and Canyon Partners Real Estate will break ground this month on a 216-unit community in Aurora, Colo. The development will also include 36,000 square feet of retail.
Blackstone Buys $159M Las Vegas Portfolio
The deal, one of the metro’s largest this year, included two newly completed Class A communities comprising nearly 700 units.
Phoenix Realty Group Expands in Colorado
The multifamily investor has ventured north of the Denver area to purchase a 16-building community in the rapidly growing city of Fort Collins.
Meridian Lands $139M Loan for Upscale Manhattan Project
Luxury residential developer Anbau will use the financing to build a two-tower, 48-unit condo property in the Flatiron District.
DFW Community Changes Hands
Marcus & Millichap facilitated the sale of the 288-unit Aspen Woods in Arlington. The new owner intends to execute a capital improvement program on the property.
Mack-Cali Acquires New Jersey Community for $264M
Roseland Residential Trust, a multifamily arm of the REIT, purchased a 377-unit luxury apartment building in Jersey City, N.J., from seller AEW.
Pinnacle Brokers Southwest Denver Transaction
Joe Hornstein and Scott Fetter of the Hornstein Fetter apartment group worked on behalf of the sellers, with Jim Knowlton of the Knowlton Lawson team representing the buyers.
Pacific Life Acquires North Texas Community
Jefferson LasCo is the fifth property developed by JPI in the Las Colinas submarket of Dallas.