Deals
OH Community Commands $21M
The 344-unit community in Groveport, Ohio, in the Columbus metro area, is spread across 5.7 acres. The seller was Ardent Communities.
Baltimore Asset Trades in 1031 Exchange
An out-of-state investor acquired Preston Place, a 10-unit property in the Mt. Vernon neighborhood, as part of a 1031 Exchange.
MZ Capital Acquires TN Luxury Asset
The Northbrook, Ill.-based firm will upgrade and reposition the 130-unit apartment and townhome community in suburban Knoxville to meet the growing demand for luxury rentals.
Carter Multifamily Buys Tallahassee Community for $42M
Polos on Park will be rebranded as 2626 Park, as part of the firm’s strategy to implement a series of renovations and upgrades to the property.
Urban Investment Partners Re-Acquires DC Asset for $22M
The firm purchased the Policy, a 62-unit apartment community in the city’s historic Kalorama neighborhood. UIP previously owned the building from 2008 to 2014.
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.