Deals
NKF Closes Sale of 2,000 Student Housing Units
The firm’s Student Housing Group has arranged the sale of three communities in Texas and another in North Carolina, with equity from Saudi Arabia, the Asia-Pacific region and the U.S.
Coastline Management Group Buys Tampa Community
New York-based Eyzenberg & Co. structured and placed $6.9 million in equity with JCR Capital to finance the acquisition and the repositioning of the property.
Greystar-Led JV Acquires UK Student Housing Asset
The partners purchased the 458-bed Paul St. East property in London’s Shoreditch neighborhood from Apache Capital for more than $210 million.
2 Microunit Multifamily Assets Change Hands
Wilshire Capital Partners paid $23.4 million for two communities located in Seattle and Portland, Ore. CBRE negotiated the deal on behalf of the seller, East To West Capital.
Tampa Property Sells for $34M
Read Property Group sold the 310-unit, garden-style community located approximately 10 miles from downtown Tampa. The sale was subject to a $24.8 million-Fannie Mae loan.
Blackfin, GMF Acquire 600-Unit Community in Virginia Beach, VA
The value-add acquisition of Baker Crossing marks the companies’ first partnership. The property last changed hands in 2005 for $31.5 million.
Colliers International Handles $70M Sale of AZ Property
P.B. Bell sold Laguna Village, a 31-building Class B community in Chandler, to Bridge Acquisitions. The new owner will complete the modernization of the property to increase the asset’s market value.
FL Luxury Asset Commands $108M
Walker & Dunlop arranged both the sale and a $65.2 million Freddie Mac loan for the 348-unit Hermitage Apartment Homes in St. Petersburg, which was acquired by Brass Enterprises.
Phoenix-Area Property Changes Hands for $12M
Dougherty Mortgage originated a $9.5 million Fannie Mae loan for the acquisition of the 120-unit Tuscano Village in Glendale.
Phoenix Community Sells for $25M
Investors Capital Group financed the purchase of the 184-unit Class B multifamily asset through a Fannie Mae line of credit originated by Berkadia.