Deals
InvestRes Expands FL Portfolio
Walker & Dunlop arranged financing for the acquisition of Coral Pointe at the Forum in Fort Myers and East Pointe at Altamonte in Altamonte Springs.
Solomon Org. Expands Pittsburgh Holdings
Siara Management sold the 308-unit Class B property in Moon Township, Pa. M&T Bank provided the new owner with a 15-year acquisition and development loan.
Avesta Sells Orlando Apartments for $46M
The Canadian Imperial Bank of Commerce provided McKinley Properties, the 348-unit community’s buyer, with a $58 million acquisition and development loan.
Goldman Sachs Buys Nashville Community for $73M
The 321-unit luxury multifamily asset was sold by Lennar. The Canadian Imperial Bank of Commerce provided nearly $50 million in acquisition financing.
Security Properties Expands Its Colorado Portfolio
The Seattle-based firm acquired a 56-unit community in Castle Rock, Colo., for $16.5 million.
Carter Multifamily Increases Jacksonville Footprint
The new owner paid more than $23 million for the 262-unit Class B community and plans to invest in capital improvements to reposition the property.
LCS Adds 2 Senior Living Communities to Growing Portfolio
The senior living operator acquired two Life Plan communities located in Essex, Conn., and Palm City, Fla.
Minnesota Affordable Housing Secures Freddie Mac Loan
Merchants Capital secured financing for Real Estate Equities for the $20 million Technology Park Apartments in Rochester.
LaSalle Property Fund Purchases Phoenix Multifamily Community
The firm acquired the 488-unit luxury San Melia property in the desirable Ahwatukee Foothills submarket on behalf of its U.S. core open-end real estate fund.
JV Closes on Condo Deconversion in Chicago’s South Loop
River City will receive a full redesign and renovation of its lobby, common areas, residential units and retail components as it transitions to rental.