Deals
NorCal Asset Trades for $18M
Paradise Apartments in Chico changed hands for $110,976 per unit. The Mogharebi Group worked on behalf of both parties in the transaction.
2 Bay Area Properties Trade for $20M
The assets add up to 58 units and are both located close to several large tech employers. Levin Johnston brokered the transactions.
Four Mile Capital Expands VA Footprint
The firm purchased a two-property portfolio totaling 234 units and plans a capital improvement plan to upgrade interior units and amenity spaces.
Indus Management Group Acquires Houston Asset
Vanderbilt Court, located in southwest Houston, was purchased for $11 million. The buyer secured an $8.2 million loan for the property.
Tusk Equities Expands in Atlanta
Arbor Commercial Funding provided more than $9 million in acquisition financing for the property, which marks the buyer’s third purchase in the metro in the past year.
Jacksonville Community Trades for $15M
The seller, DEL Development, purchased the asset in 2011. The new owner obtained more than $14 million in acquisition financing from The Bancorp Bank.
Friedman Real Estate Facilitates Detroit Transaction
Senior Vice President Steven Silverman, from investment advisory services, and Vice President James Tumey, from urban and brokerage services, represented both parties involved in the sale.
Emma Capital Grows in Indianapolis with $39M Buy
The Toronto-based company expanded its footprint in the city to 1,829 units with the acquisition of two apartment communities in the Washington West submarket.
Central Florida Apartments Command $50M
Cushman & Wakefield facilitated a deal for a 12-building, 383,212-square-foot community in Lakeland, halfway between Orlando and Tampa.
CAPREIT Sells Affordable Active-Adult Asset in Metro DC
The buyer selected ROSS Cos. to oversee property management operations and a capital improvement project at the active adult community.