Deals
Morgan Properties Acquires 4,130-Unit Portfolio
Metro Philadelphia’s largest-ever multifamily deal, the acquisition makes Morgan the largest owner-operator in the market.
McKinley Properties Sells 5 FL Assets
The portfolio encompassed 639 units across Gainesville, North Redington Beach, Pasadena and Daytona Beach. Berkadia worked on behalf of the seller and originated loans for the new owners.
Partially Affordable Community Changes Hands in Chicago
Renaissance North is in the city’s Old Town neighborhood and sold for $15.5 million. The building includes 59 units, with 18 set aside for low-income residents.
Class A Colorado Asset Trades for $67M
CBRE’s Dan Woodward, David Potarf and Matthew Barnett brokered the sale of North Main at Steel Ranch, a 228-unit property located in the Denver metro area.
In Case You Missed It: Top 5 Student Housing Stories
Catch up with some of our recent posts covering student housing, a hot real estate niche for investors globally.
American Landmark Acquires 282-Unit Houston Community
The Class A asset located in the South Main area is next to Interstate 610 and came online last year.
The Snavely Group Buys 32-Building Cleveland Asset
Willogrove encompasses 384 units and is located in the city’s Willoughby submarket. The sale involved a $21.4 million loan held by First National Bank of Pennsylvania.
Avanath Buys Maryland Senior Community
Delivered in 2006, the 102-unit Victoria Park at Edgewater in Anne Arundel County traded for a little over $11.3 million.
Timberland Partners Expands Multifamily Portfolio
The transactions are the company’s fifth property in the St. Louis metro and first in the state of Arkansas.
Charlotte Community Trades for $46M
The 324-unit garden-style property changed hands with the help of a $31.2 million Freddie Mac acquisition loan arranged by Berkadia.