Deals
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.
318-Unit Charlotte Community Changes Hands
American Landmark is the new owner of The Oaks, a garden-style property built in 1996. The acquisition marks the company’s sixth purchase in the metro.
Fogelman Increases Jacksonville Footprint
Gamma Real Estate sold the 268-unit Class A community for more than $40 million, with Greystone providing acquisition financing to the buyer.
Nonprofit Expands IL Footprint With 569-Unit Buy
Lynd Co. arranged the acquisition of Timber Oaks in Ingleside and Prairie View in Woodstock on behalf of Invest in America’s Veterans Foundation.
Fully Occupied Community Trades in OH
Franklin’s Crossing has 61 units and is located in Northwest Columbus in an area with several shopping and entertainment centers nearby.