Deals
TruAmerica Multifamily Sells Suburban Seattle Community
The buyer of the 249-unit Class B asset funded the acquisition with a $30 million Freddie Mac loan originated by CBRE.
Newcastle Pays $86M for Chicago Property
Seeking an acquisition in a neighborhood wedged between two of Chicago’s hottest enclaves, Newcastle Ltd. has acquired 504 and 505 N. Green Street, an apartment community in the River West district.
Suburban Indy Community Changes Hands
The buyer, Muesing Management, secured more than $7 million in short-term financing from Merchants Bank of Indiana to fund the acquisition.
504-Unit Community Changes Hands in Houston
GVA Real Estate Investments purchased Sandridge using $38.9 million in financing from Ready Capital. The property spreads across approximately 19 acres and comprises 41 buildings.
CWS Capital Buys Phoenix Apartments
Walker & Dunlop originated more than $38 million in Freddie Mac acquisition financing for the buyer’s $60 million purchase of the Class A, 320-unit community.
Cushman & Wakefield Brokers $56M IN Sale
Castle Rock, a 740-unit apartment property in South Bend, was acquired by a joint venture of Sinatra & Co. Real Estate, L5 Investments and Odyssey Properties.
Bridge Investment Pays $70M for Phoenix Community
The seller of the 460-unit Class B asset purchased the apartments in mid-2014 as part of a nearly $170 million portfolio deal.
LaSalle Investment Management Acquires Dallas Property
Drawn to the metro’s growing population and strong job market, the firm has purchased a 152-unit luxury rental community in the affluent Turtle Creek submarket.
Affordable VA Community Commands $10M
Community Preservation Partners intends to renovate Royal Arms, a 144-unit property in Front Royal. The deal marks the rehabilitation company’s second affordable housing purchase in the state.
Garden-Style Community Changes Hands in OH
A private investor purchased Fair Oaks, a 29-building property in the Far South submarket of Columbus, using a $5.1 million loan.