Deals
Electra America Enters Nashville Market
The investor has completed its first acquisition in the metro with the purchase of Lyric on Bell, a 336-unit Class B community.
TriBridge, Stockbridge Sell Nashville-Area Community
Olen Properties paid more than $57 million for the 254-unit Class A asset, which last changed hands in 2014 for $42.2 million.
Pacific American Trades Sacramento-Area Affordable Property
WNC & Associates partnered with the Foundation for Affordable Housing to purchase the 95-unit multifamily asset. The acquisition was funded with $7.4 million in Freddie Mac financing.
Sentinel Sells Sacramento Community
Oakmont Properties paid $44 million for the 168-unit multifamily asset, with CBRE Capital Markets originating more than $25 million in acquisition financing.
Jacobson Co. Pays $41M for Denver Community
Dan Woodward, David Potarf, Matthew Barnett and Jake Young of CBRE represented the seller, Fowler Property Acquisitions, in the transaction.
Inland Empire Community Changes Hands for $35M
Davlyn Investments acquired the 125-unit luxury residential property located in Chino Hills, Calif., with financing provided by City National Bank.
Willner Realty Buys Tampa Luxury Tower
Cushman & Wakefield facilitated the sale of the 320-unit trophy property, just two years after it was acquired from the original developers in an $88 million deal.
JAE Property Group Buys Indy Community
The company purchased a 89-unit garden-style community from Barratt Asset Management, which had acquired the property in 2016 for $1.8 million.
Monarch Purchases Community in East Columbus
Ardsley Ridge Townhomes & Apartments—completed in phases in 1960, 1974 and 1978—consists of 238 units spread across 24 buildings.
Carnegie Mellon Purchases Pittsburgh Community
A private investor traded the 78-unit multifamily property for $17 million. The new owner plans to renovate the building and repurpose it as dedicated university housing.