Deals
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.
Draper and Kramer Acquires Chicago Luxury Apartments
CBRE facilitated the sale of the 180-unit rental property that was sold as part of a 1031 exchange. The new ownership assumed management of the community.
Jefferson Apartment Group Sells $43M Orlando Community
Avison Young represented the buyer, Palm Heights LLC, in its purchase of Azul Baldwin Park, a 178-unit property located in the Colonial Town submarket.
JV to Open 492-Bed Student Housing Community
The company will develop a garden-style student housing community adjacent to the University of Florida at Gainesville. The community is slated to open prior to the 2020-2021 academic year.
The Element at Sacramento State University Changes Hands
The 216-unit student housing community was 100 percent occupied at the time of the sale to NB Private Capital. The property underwent major renovations in 2016.