Deals
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.
372-Unit Dallas Community Commands $53M
The sale marked the fourth acquisition for BSR Real Estate Investment Trust in under a year, bringing the entity’s portfolio to a total of 51 multifamily assets.
FCP Pays $23M for Atlanta Community
The acquisition marks the buyer’s seventh investment in the area. The new owner plans to rebrand the 164-unit Ashford Gardens.
Recently Completed Dallas Community Trades
California-based trust Porgest Properties acquired Digit 1919 in the Cedars neighborhood. The first residents moved into the 102-unit property in late 2017.
Alignvest Acquires Ontario Student Housing Portfolio
The student housing REIT acquired four properties totaling 446 units as part of its planned strategy to consolidate its presence in Canada.
Axonic Properties Sells $16M FL Community
Creative Realty Partners has purchased the 126-unit property with the third highest price per unit for this type of asset in Hillsborough County. CBRE procured both the buyer and the seller.