Deals
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.
FPA Expands San Antonio Portfolio
The Irvine, Calif.-based company acquired The Grand Estates at TPC, a 408-unit community located in the northern area of the city, close to multiple shopping centers.
Greystone Arranges $92M for PA Acquisition
The firm worked on behalf of a private buyer to secure the Freddie Mac loan for the acquisition of Lincoln Green, a 636-unit property in Philadelphia.
Passco Pays $63M for FL Property
The rental community is situated within the Crestview-Fort Walton Beach-Destin MSA, a market with growing demand for high-end apartments.
Interra Realty Brokers Sale of Vintage Chicago Community
An affiliate of LEM Equities paid $2.9 million for the mixed-use building. The deal resulted in one of the highest per-unit prices in the Bucktown neighborhood.
Investcorp Acquires $311M Multifamily Portfolio
The properties, totaling 2,876 units, include three communities in Houston, two in Tampa, Fla., and one in Salt Lake City.
DC-Area LIHTC Portfolio Changes Hands for $31M
Greysteel facilitated the sale of 286 units spread across three affordable properties, which are restricted to residents age 62 and over.