Deals
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.
Canyon Partners, Santander Bank Launch Multifamily Impact Fund
Canyon Multifamily Impact Fund IV plans to spend approximately $100 million on affordable housing properties in the Northeast.
Hamilton Zanze Acquires MO Community
Located in Independence, Cornerstone offers 420 units and will undergo a capital improvement plan that will enhance its business center and clubhouse, as well as adding new amenities.
AL Student Community Changes Hands
A joint venture between Alex. Brown Realty and Student Quarters paid nearly $9 million for the 60-unit property near the University of Alabama at Birmingham.
Hana Invests in Cottonwood’s Boston Mega-Project
The South Korean alternative asset manager closed its debut investment in EchelonSeaport, a $950 million luxury, mixed-use project under construction in the Seaport District.
Converted CT Community Trades for $28M
Navarino Capital Management purchased the community, a 19th-century mill remodeled in 1988. The property last changed hands in mid-2012 for nearly $17 million.