Deals
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.
Nonprofit Purchases Affordable Community in Ohio
Bridlewood Village encompasses 70 fully affordable units in the southern area of Columbus. The 1980-built community spreads across 13 buildings.
Local Investor Buys 248-Unit Indy Community
Ardizzone Enterprises paid well over $12 million for the asset. U.S. Bank, the seller, had foreclosed on the property in 2016.
Starlight Acquires Orlando Community
The 356-unit Shingle Creek was developed by Altman Cos. and completed earlier this year. Featured amenities include a swimming pool and spa.
Phoenix Group Acquires $45M Hollywood Community
Institutional Property Advisors represented the seller in its disposition of Vue Hollywood, a 92-unit property that features amenities such as a fitness center and a swimming pool.
Berkadia Completes $31M Sale of SoCal Property
The Enclave at Town Square is situated halfway between freeways 60 and 90, offering easy access to major employers in the Inland Empire and downtown Chino.
The Connor Group Refinances OH Property in $54M Deal
UBS Realty Investors sold The Estates at New Albany, which encompasses 428 units across 42 buildings. The property was 95.3 percent occupied at the time sale.