Deals
Transwestern Sells Austin Community
Completed in 2016, the 346-unit property is at the epicenter of new development activity in the city’s popular East Sixth district.
TWG Development Purchases Atlanta Apartments for $29M
Merchants Bank of Indiana provided the buyer with nearly $30 million in acquisition and development financing. The short-term bridge loan matures in June.
Meridian Senior Living Acquires 2 RI Communities
Totaling 272 beds, Chapel Hill and Smithfield Woods include assisted living, memory care and skilled nursing services. The company will also manage the assets.
Terwilliger Pappas Sells Atlanta Asset for $75M
The 303-unit luxury community welcomed its first residents in 2018. The developer financed construction of the property with more than $40 million from Synovus Bank.
Coast Equity Purchases Suburban Seattle Community
Hunt Real Estate Capital provided the buyer with more than $16 million through Freddie Mac to finance the nearly $25 million acquisition.
Greysteel Arranges Sale of 2-Property Dallas Portfolio
Luau and Koko Apartments have undergone capital improvements since 2017, including new roofs, parking lots, exterior paint and some interior upgrades.
Bridge Investment Group Pays $144M for WA Portfolio
Wells Fargo Bank provided the buyer with nearly $94 million in financing to acquire the assets, which contain 682 units across two properties
URS Capital Sells Cincinnati-Area Community
PGIM Real Estate Finance provided the new owner with a 12-year, Fannie Mae acquisition loan of more than $14 million.
American Landmark Acquires Majority Stake in NC Community
The 309-unit building, located five minutes from the UNC Charlotte campus, marks the firm’s eighth acquisition in Charlotte and 12th in the state.
Balfour Beatty Acquires Memphis Asset
The acquisition marks the company’s first investment in the city’s residential market.