Deals
Detroit-Area Asset Changes Hands
The 129-unit Kings Gate in Sterling Heights traded with the help of a $7 million loan. The property is close to several shopping centers and educational institutions.
Hunt Real Estate Secures Financing for Austin Asset
The 12-building property is fully affordable, restricted to individuals and families earning 60 percent or less than the area’s median income.
Oak Residential Acquires 2nd Asset in Las Vegas
The apartment community received upgrades to its amenity package previous to the acquisition. The asset was 98 percent occupied as of December 2018.
CBRE Secures $33M Acquisition Loan for New Durham Property
Chaucer Creek Capital is the new owner of 54 Station, a 264-unit community completed last year. The company plans to build an additional 24-unit building.
CBRE Arranges Sale, Financing of Central FL Asset
Shelton Granade, Luke Wickham and Justin Basquill handled the transaction on behalf of the seller, while Ben Roelke and Ian Walker secured the financing for the buyer.
Affordable Dallas-Area Portfolio Changes Hands
Greysteel has facilitated the sale of Ironwood Crossing and Rush Creek Apartments, two properties encompassing 528 units. The company also arranged acquisition financing totaling $37 million.
Cushman & Wakefield Negotiates $73M Sale of 2 FL Properties
Centennial Holding Co.’s acquisition of communities in Lakeland and Plant City positions the new owner to take advantage of commuting distances to nearby Orlando and Tampa.
Westmount Realty Capital Sells Metro Dallas Property
MBP Capital Inc. acquired Westmount at the Colonnade, a garden-style community that had recently undergone a $1.4 million renovation.
Suburban Kansas City Community Commands $74M
Carroll Organization sold the 402-unit asset less than three years after acquiring it. The transaction was subject to a $50.9 million Freddie Mac loan.
Weidner Sells Phoenix Community for $37M
Weidner Apartment Homes sold Monterra Apartments Homes for $37.2 million after almost a decade of ownership. The buyer financed the acquisition through a loan.