Deals
LA Community Gets $41M Loan
Panoptic Development’s 154-unit community is located in the Canoga Park section of the San Fernando Valley. NorthMarq Capital arranged the construction financing for the property.
Magnolia Sells Raleigh Community After Short Hold
HFF marketed Stonehenge Apartments on behalf of the seller, which purchased the property last year for $56.7 million.
JPI Sells 371-Unit Luxury Community in Texas
Completed in 2017, Jefferson Riverside is the company’s latest development in Las Colinas. IPA brokered the sale of the property.
845-Unit Phoenix Portfolio Changes Hands
Greystar has purchased a trio of properties encompassing 845 units in Chandler and Gilbert, two of the metro’s fastest-growing submarkets.
Atlanta Apartments Command $31M
Berkadia represented Aspen Square Management in the sale of West Eleven Apartments, a 224-unit property located in the city’s Sandtown neighborhood.
JV Acquires 2 Houston Communities
Greybrook Realty Partners and Marlin Spring Investments paid $68 million for the garden-style properties in the city’s Romano Woods neighborhood.
Silicon Valley Community Sells for $17M
A Northern California-based development company sold the property to a private investor. The 32-unit community is situated in Palo Alto, Calif.
DC-Area Community Gets $78M Refi Loan
PGIM Real Estate provided the 35-year, fixed-rate FHA loan to Bonaventure Realty Group for The Encore Apartments in Alexandria, Va.
29SC Expands Denver Portfolio
The company acquired the asset for an undisclosed price and plans to invest more than $1.6 million for capital improvements.
Olympus Property Buys Houston-Area Community
The company has renamed the 341-unit property Olympus Sierra Pines. Built in 2014 by Alliance Residential, the property is part of the Woodlands master-planned community.