Deals
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.
Preiss Acquires 288-Bed Community in San Antonio
Serving the University of Texas-San Antonio, the student housing community will undergo a multi-million renovation plan. The Preiss Co. will manage the property.
Arel Capital Buys 504-Unit Houston Community
Allied Orion Group is overseeing property management for the multifamily asset. The new owner plans to begin renovations this year.
Lev Investments Acquires San Antonio Asset
The sale of the 62-unit Liberty Ridge benefited from a $2.7 million Fannie Mae loan. The community is located just off Interstate 410.