Deals
Nashville Community Sells for $80M
Crescent Communities sold the newly built 275-unit multifamily asset to Dinerstein Cos., with the property’s 2.1 acres of land selling to iStar.
HFF Arranges $21M Loan for CO Senior Housing
The firm secured 10-year, fixed rate financing through Freddie Mac’s CME Program for The Avenues Crofton Park, located in Broomfield.
Tampa Portfolio Changes Hands
Franklin Street arranged the sale of a two-property portfolio comprising 32 residential units, located approximately 9 miles from downtown Tampa.
Lion Real Estate Exits San Diego
Woodspear Properties paid more than $23 million for the 84-unit Class B community, while assuming the outstanding balance of a $15 million loan from the seller.
North Phoenix Community Commands $32M
The sale marked the submarket’s largest per-unit price over the past 12 months. The previous owner implemented a complete exterior renovation program, including upgrades to the amenity package.
IPA Brokers Knoxville Senior Living Community Sale
The Marcus & Millichap division worked on behalf of the seller in its disposition of Northshore Heights, a 69-unit assisted living and memory care facility.
Praedium Group Expands Jacksonville Footprint
The firm has almost doubled its profile in the city with the nearly $47 million acquisition of the 246-unit luxury community.
TX Community Changes Hands
The 144-unit property was purchased by Transcontinental Realty Investors after the U.S. Housing of Urban Development granted approval for the expansion of Southern Properties Capital’s multifamily portfolio this summer.
Emma Capital Expands in Indianapolis
The Hunt Club Apartments and Brandywine Apartments, totaling 496 units, bring the Toronto-based investor’s multifamily holdings in the U.S. to some 9,000 units.
SVN Brokers Sale of Dallas 171-Unit Community
The property, completed in 1974, was recently renovated, with the previous owner investing nearly $1.5 million in a capital improvements program.