Deals
Blaze Partners Acquires NC Luxury Asset
Completed in 2015, The Gibson was built on the site of an historic recording studio in the Plaza Midwood neighborhood of Charlotte.
Phoenix Community Sells for $52M
Wood Partners sold the transit-oriented community to FSC Realty in a transaction brokered by Institutional Property Advisors.
ABI Multifamily Facilitates $22M Sale in AZ
An out-of-state investor purchased the 180-unit Cabana at the Pointe from Deco Communities. The buyer took out an $18.4 million loan to finance the acquisition.
Boston Boutique Multifamily Community Changes Ownership
Corcoran Management Co. acquired the 31-unit luxury property for $25 million. HFF represented the seller, The Cincotta Cos., and procured the buyer.
Miami Condo Project Gets $21M Construction Loan
Trez Forman Capital is extending more financing to Arbor Coconut Grove, a 48-unit property being developed in the upscale Coconut Grove neighborhood.
FCP Buys Raleigh Apartments for $33M
Seeing strong demand for workforce housing, the value-add investor plans capital improvements for the 279-unit community in the city’s North Hills area.
The Michaelson Group, GMF Capital Buy Tampa Community for $43M
The partnership has received $34.6 million in financing to purchase a 384-unit community situated approximately 10 miles from Tampa’s downtown.
JV Lands $75M Financing for Denver Luxury Tower
HFF secured the loan for The Confluence on behalf of National Real Estate Advisors and PMRG. Proceeds will be used to retire existing construction debt on the 287-unit property.
NC Community Changes Hands for $14M
Tribute Properties sold the 152-unit garden-style property to Cohen Investment Group. Deerbrook is spread across 18 buildings and is located in Wilmington, N.C.
TGM Acquires Fort Lauderdale Community
Renamed TGM Harbor Beach, the community offers access to amenities such as a bark park and game room. This purchase is the firm’s eighth investment in Florida.