Deals
London Residential Project Lands $446M Loan
Regent’s Crescent is the first Grade I-listed property in the U.K. to receive approval for reconstruction. The HFF team worked on behalf of the borrower, which included Venture Capital Bank and Rassmal Investments.
Starlight Expands Multifamily Footprint in Toronto
The company added a 236-unit high-rise to its Canadian multifamily portfolio. Maeford Apartments will be managed on-site by MetCap Living Management.
LivCor Trades 288-Unit SoCal Asset
The company sold the Inland Empire asset for more than $63 million, with Capital One providing a Fannie Mae acquisition loan to the buyer.
Jevan Capital Sells San Antonio Community
The property encompasses more than 250 units and is located in the northern part of the city. The deal was subject to a $22.1 million Fannie Mae loan.
Affordable Cincinnati Community Changes Hands
Related Cos. purchased Alms Hill for $3.2 million. Originally completed in 1925, the 200-unit asset in Walnut Hills once served as a luxury hotel.
Berkadia Negotiates $42M Sale of SC Community
West Village Lofts is the adaptive reuse of the historic Brandon Mill, a former textile factory. The 117-year-old industrial property was transformed into multifamily in 2016.
Tampa-Area Property Sells for $47M
Independence Realty Trust has expanded its portfolio with Lucerne, a 276-unit community located in Brandon, Fla., about 10 miles from downtown Tampa.
Las Vegas Community Secures $55M Refi
The 376-unit rental property developed by Joseph Sorge was completed earlier this year. NorthMarq Capital arranged the loan on behalf of the owner.
Idaho Apartments Command $24M
Kennedy Wilson acquired the 188-unit community in an off-market transaction financed with a $14 million Freddie Mac loan.
Quad Property Group Sells Jacksonville Community
A joint venture between Hyperion Endeavors and Think Multifamily purchased the 113-unit property for more than $7 million, with Arbor Realty Trust providing acquisition financing.