Deals
Toro Expands Development Pipeline
The firm purchased the site to build The Reid, a 186-unit partially affordable community in Atlanta.
AvalonBay Sells NY Community for $306M
Common areas and units are slated for a $9 million upgrade.
American Landmark Enters Arizona Market
Tempe Metro Apartments last traded in 2018 and will be rebranded by the new owner.
Armada Hoffler Sells Maryland Property for $150M
This deal was part of the REIT’s recent $200 million disposition plan for noncore assets.
KB Investment Acquires Tempe Apartments
Mesa West Capital provided a $108 million loan for the purchase of Skywater at Town Lake.
CEDARst Secures $170M in Capital for Minneapolis Development
Construction is underway and the project is scheduled for completion by the end of 2023.
Acacia Capital Buys Seattle-Area Property for $204M
Berkadia represented both parties in the deal for the 400-unit community in Bellevue.
Bay Area Storage Facility Sells for $20M
Levin Johnston represented the seller and procured the buyer.
TerraCap Management Expands Raleigh Footprint
A capital improvement plan will upgrade unit interiors and common area amenities.
Morgan Properties Buys 6 in Indianapolis
This marks the largest multifamily transaction by dollar value in the state’s history.