Deals
JV Completes Sale of Atlanta Community
A joint venture of CF Real Estate Services and Origin Investments has sold Olmsted Chamblee, a Class A apartment community situated in the fast-growing and transformative Chamblee submarket of Atlanta.
CGI Strategies Acquires Orlando Community for $43M
The company will renovate and rebrand the 306-unit property, which was ordered vacated in 2017 after construction defects were discovered.
FPA Multifamily Trades Seattle-Area Asset for $71M
The transaction marks the buyer’s second acquisition in the Federal Way submarket in the past 12 months, bringing the firm’s Seattle-area portfolio to more than 600 units.
Suburban Atlanta Community Commands $35M
The acquisition of the 300-unit Class B multifamily asset, constructed in 1985, marks One Real Estate Investment’s first purchase in the metro.
29th Street Capital Expands FL Footprint
The company has entered the Tampa-St. Petersburg market with the acquisition of a 261-unit community located approximately 5 miles from downtown St. Petersburg.
Berkadia Facilitates $21M Fort Myers Transaction
ESG Kullen’s purchase of 186 units in a fractured sale secures the new owner’s control over the southern Florida condominium association.
FCP Expands Atlanta-Area Portfolio With $30M Buy
Hercules Real Estate Services sold the 210-unit Chroma Park in Austell, Ga. The new owner plans to invest in capital improvements on buildings, amenities and interiors.
Dallas Community Changes Hands
NorthMarq Capital provided the buyer, MORE Residential, with more than $43 million in Freddie Mac acquisition financing for the 2013-built asset.
Invesco Pays $150M for Boston Mixed-Use High-Rise
The Harlo Fenway features 212 apartments and access to amenities such as an 18th-floor sky deck, yoga terrace and dog spa, as well as ground-floor retail.
Westmount Acquires San Antonio Community
The Place at Houston Street is a garden-style asset with 200 units. The new owner is set to invest in improvements, including new fencing, a renovated pool and refreshed landscaping.