Deals
UBS Enters Affordable Housing with $248M Portfolio Deal
The bank’s asset management arm together with Avanath Capital Management formed a new fund for the 14-property, 2,085-unit multifamily portfolio. Most of the assets are located in California and Florida.
Northern NJ Community Scores $52M Refi
BNE Real Estate Group developed the 227-unit luxury residential project in Aberdeen. Built in 2018, The Link at Aberdeen Station sits beside NJ Transit’s North Jersey Coast Line.
Aimco Sells Nashville Apartments for $24M
KeyBank provided the buyer with more than $18 million in Fannie Mae acquisition financing for the purchase of the 150-unit community.
Nashville Community Changes Hands for $57M
The buyer, a joint venture led by Hamilton Zanze, financed the acquisition of the 326-unit community with nearly $37 million in Fannie Mae financing.
NorCal Senior Housing Property Lands $26M Refi
Cushman & Wakefield has secured the first mortgage loan for the 148-unit assisted living and memory care community delivered in the fall of 2016.
FSC Realty Buys Seattle-Area Community for $58M
The real estate investment firm picked up the 230-unit multifamily asset from Goodman Real Estate. Berkadia arranged the sale of the property, located in the Seattle suburb of Lynnwood.
Cushman & Wakefield Arranges $63M Sale of FL Community
The firm represented a joint venture between Providence Real Estate and Aegon Real Assets US in its acquisition of The Park at Via Rosa in Brandon.
Tucson Community Trades for $22M
The developer had owned the asset for more than 30 years. The buyer, Element Property Co., is pursuing a value-add strategy, indicative of the city’s dominant multifamily investment trend.
Continental Realty Buys Vegas Community
The buyer financed the purchase of the 63-unit Class A asset with a $9 million Freddie Mac acquisition loan originated by HFF.
GMF, Argo Buy 588-Bed Student Housing Asset
The partners acquired Place at 117, a property situated nearby the flagship campus of the University of Illinois, with plans to further upgrade the accommodations.