Deals
Long Beach Property Sells for $72M
Berkadia arranged the disposition of The Landing at Long Beach on behalf of the seller. The new owners plan to invest $28,000 per unit for upgrades.
Nuveen Real Estate Sells 336-Unit Raleigh Asset
The 14-building community changed hands for $46.1 million. The buyer used a $27.7 million loan originated by Prudential Financial to finance the acquisition.
SoCal Asset Sells for $20M
The 98-unit Villa Capri in Escondido benefited from an acquisition loan originated by Aetna Life Insurance Co. IPA represented the seller and procured the buyer.
Luxury TX Community Changes Hands
Berkadia’s Senior Managing Director Ryan Epstein and Director Jennifer Ray from the company’s Houston office arranged the sale on behalf of seller Alliance Residential.
Madison Residential Acquires Seattle Community
Opus Bank provided the buyer with more than $12 million in financing for the nearly $16 million acquisition. The 77-unit asset last changed hands in 2014 for $7.6 million.
Crown Bay Group Grows in Atlanta
The firm acquired Southlake Cove in Jonesboro and Vineyard Pointe in Riverdale, Ga., further expanding its area holdings.
Aulder Capital Pays $44M for MD Community
The previous owner implemented more than $7 million in capital improvements, which included renovating Walker Mill Apartments’ common areas and building systems.
JV Acquires 371-Bed NY Student Housing Asset
The student housing community serves students attending Binghamton University. This deal marks OC’s third acquisition at a SUNY school.
Cottonwood Residential Sells San Antonio Asset
Working on behalf of the buyer, HFF arranged the acquisition loan for Legacy Heights. Annaly Commercial Real Estate Group provided the financing.
NC Rental Property Trades for $21M
A local investor sold Village 1373 in Greensboro after more than 11 years of ownership. Hunt provided the buyer a $21 million acquisition and renovation loan.