Deals
Phoenix Value-Add Asset Commands $9M
Urban Communities is the new owner of Puesta Del Sol, a 128-unit property situated in the city’s South Mountain Village, near the future light rail extension.
Tampa Community Sells for $24M
Uptown Ambrus Investments has obtained a $12.2 million loan for the acquisition of the 292-unit property in the University Square submarket.
GA Community Lands $47M Refinancing
Arbor Realty Trust extended the loan for 13Ten Apartment Homes, a 977-unit gated property built in 1988. Emerald Equity Group owns the asset located near Stone Mountain Park.
North FL Community Trades for $36M
Kimball Key LLC has received $27.1 million in financing for the purchase of Mandarin Apartments, a 401-unit garden-style asset in Jacksonville.
Denver Community Trades for $26M
The 156-unit community was recently renovated and roughly two thirds of the units were upgraded. FPA Multifamily acquired the asset in 2016.
Upscale NJ Community Lands $115M Financing
New York Life REI originated the loan for The Harper at Harmon Meadow, a 469-unit luxury residential project opened last year at the Harmon Meadow mixed-use community in Secaucus.
CBRE Brokers 2 Orange County Sales
Senior Vice President Dan Blackwell facilitated the $14 million deal encompassing 44 units across two communities. Both assets represent value-add opportunities.
Next Wave Buys Nevada and Utah Communities
The company has expanded its portfolio with two properties located in Las Vegas and West Valley City, totaling 188 units.
South Coast Commercial Buys NorCal Community
The firm financed the acquisition of the fully occupied Class B asset with a 15-year, $7 million mortgage from Banc of California.
Houston Apartment Community Changes Ownership
Located in the heart of Houston’s Energy Corridor, the Ashford Apartments was purchased by Allied Orion Group in its first multifamily acquisition in 19 years.