Deals
Lee & Associates Brokers LA Community
The firm arranged the sale of a 33-unit property located in the Palms neighborhood of Los Angeles, approximately 10 miles from the city’s downtown.
American Landmark Expands NC Portfolio
Together with its equity partner, Electra America, the firm has been buying apartment communities across the Southeast and Southwest this year, adding $1.5 billion in assets and more than 10,000 apartment units.
Beachwold Residential Buys $60M Asset
Cushman & Wakefield’s Florida Multifamily Group represented Mercury Investment in its disposition of Hibiscus Springs Rental Homes, located in Tampa’s submarket of Spring Hill.
CBRE Arranges Sale of 413-Unit MN Community
The company’s Keith Collins, Abe Appert, Ted Abramson and Ike Hoffman facilitated the sale on behalf of the seller.
NAI Capital Completes OC Ground Lease
The 99-year ground lease valued at $287 million includes three parcels located in Santa Ana, Calif. The tenants plan to develop more than 500 affordable housing units.
CBRE Team to Represent Seller in 2 CO Transactions
Creekside at Palmer Park and Woodland Hills are both located in Colorado Springs. Griffis/Blessing received $99.5 million for the two assets totaling 488 units.
NC Assets Change Hands for $129M
Las Properties/Lantower Residential acquired Solis Waverly, while Continental Realty Corp. bought Solis Ballantyne. Located in Charlotte, N.C., the 375- and 194-unit communities were both completed in 2016.
JV Secures $49M for 5 South Carolina Properties
Arbor Realty Trust arranged the financing on behalf of Friedlam Partners and EBEX Holdings for the portfolio, which comprises more than 775 units.
Newcastle Acquires Chicago Multifamily Asset
Sean Connelly and Davis Edgerly from 33 Realty represented both the buyer and the seller in the $5.4 million transaction within the Logan Square neighborhood.
Miami Community Secures $142M in Financing
Square Station, a 710-unit downtown asset developed by Melo Group in Miami, launched leasing in June and is now 95 percent occupied.