Deals
Dougherty Mortgage Finances $36M AZ Acquisition
HSL Properties sold the asset seven years after purchasing the luxury community from Arbor Realty Trust for approximately $23 million.
Transactions: April 2019
A selection of noteworthy recent multifamily investment sales and financings from across the U.S.
Angelo Gordon, Glencrest Team on $51M Bay Area Deal
The joint venture bought the 180-unit property in Santa Rosa, Calif., with acquisition financing secured by HFF.
JCM Sells Central Valley Apartments for $22M
Berkadia provided the buyer of the 124-unit multifamily asset with more than $16 million in acquisition financing through Fannie Mae.
Fully Affordable Portfolio Trades in OH
Independent Management Services purchased Shelton Gardens and Reids Valley View Manor for $4.8 million. The two assets have 254 units combined.
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.