Deals
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.
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.