Deals
29th Street Capital Expands Houston Portfolio
The 438-unit Limestone Apartments, located in the George Bush Park submarket, marks the firm’s ninth acquisition in the city and its second investment in the last six months.
Jacksonville-Area Community Changes Hands
AmveStar Capital paid more than $10 million for the 120-unit Class B community. The asset last changed hands in 2016 for $7.6 million.
North FL Community Sells for $54M
Newmark Knight Frank originated nearly $38 million in Freddie Mac acquisition financing for TruAmerica Multifamily, the buyer of the 272-unit Class A asset.
San Diego Student Housing Changes Ownership
HFF worked on behalf of the seller, FPA Multifamily, which acquired the asset in 2015 from AIG Global Real Estate. The community serves San Diego State University.
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.