Deals
Centennial Holding Co. Buys Tampa-Area Community
The company has expanded its portfolio with a 125-unit property located in Plant City, Fla. The community changed hands for $18 million.
IPA Brokers 1,152-Unit Texas Portfolio Deal
Will Balthrope, Drew Kile, Jordan Featherston and Drew Garza worked on behalf of the seller in the disposition of four communities in San Antonio, New Braunfels and Corpus Christi.
Starlight Acquires Suburban Denver Property
In the last few months, the Toronto-based investor has added some $270 million of Class A multifamily properties in the U.S., most recently Broadstone Montane in the Denver suburb of Parker, Colo.
Bertram Partners Lands $72M Refi for CA Properties
The Freddie Mac loan—which was arranged by HFF—will be used to refinance the debt on three communities in Orange County.
JV Acquires 332-Unit Luxury Community in Northwest Austin
Barker Pacific Group and Pacific Real Estate Partners joined forces to acquire the 332-unit Muir Lake Apartments, marking the partnership’s fifth multifamily investment in Central Texas.
Roseland Residential Trust Sells NJ Community
The two-building Park Square Apartments in Rahway, featuring 159 units and 6,000 square feet of ground-floor retail space, previously changed hands in 2013.
North FL Community Changes Hands
The 96-unit multifamily asset, completed in 1963, traded for $6 million, more than doubling the seller’s return in two years.
Avanath Strengthens East Coast Presence
The company is the new owner of two assets in Harlem, N.Y., and Temple Hills, Md. For a combined $36.3 million, Avanath purchased 202 affordable housing units.
JV to Invest $300M in US Co-living Expansion
Medici Living Group and W5 Group will grow the QUARTERS brand by developing 1,300 units over the next three years.
Deancurt Realty Group Buys Orlando Apartments
The firm purchased the suburban 208-unit Class B community for nearly $24 million, financing the acquisition with a loan and line of credit.