Deals
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.
JV Acquires Denver Portfolio for $177M
Oak Coast Properties and BMC Investments will rebrand the properties as a single community serving workforce renters. HFF arranged a $120 million Freddie Mac acquisition loan for the three assets.
Freeman Webb Sells Nashville Apartments for $24M
NexBank provided the buyer with nearly $19 million in acquisition financing for the 192-unit multifamily asset in the East Nashville/Inglewood submarket.
Alliance Residential Sells Luxury Phoenix Asset for $84M
The seller opened the 316-unit Class A community in summer 2018. Thrivent Financial provided the buyer with more than $50 million in acquisition financing.
North FL Value-Add Apartments Sell for $13M
NorthMarq Capital originated more than $8 million in acquisition financing through Freddie Mac for the purchase of the 100-unit Class B asset.
AL Community Changes Hands
Colliers International East Region Multifamily Advisory Group facilitated the sale of Barrington Place at Somerset, a 376-unit community in Montgomery.
Cortland Buys Phoenix Community for $62M
Walker & Dunlop originated a nearly $55 million, 10-year acquisition mortgage through Freddie Mac for the 368-unit Class A property.
Partially Affordable Community Trades in Phoenix
The property was completed in 2001 under Section 42 LIHTC provisions. The community is near the Interstate 10 employment corridor and approximately 36 miles from downtown Phoenix.