Deals
Top 10 Multifamily Loans Originated in Albuquerque
Heightened multifamily sales activity in the metro during the first three quarters has led to a boost in lending, with several investors securing Fannie Mae and Freddie Mac financing to cover their acquisitions.
NC Community Sold for $38M
Cushman & Wakefield represented The Sterling Group in the sale to Dasmen Residential.
Cornerstone Managed Properties Buys Cleveland-Area Community
The $4 million sale of the 144-unit, fully occupied community was subject to a $4.8 million acquisition and development loan.
Liquid Capital, Wilson Investment Expand in Atlanta With $51M Buy
According to Yardi Matrix, the property previously traded for $36.8 million in 2016. The new owner plans to invest into an all-encompassing renovation program.
LA-Area Property Changes Hands for $10M
A local investor has purchased the 83-unit community from Positive Investments. The Mogharebi Group represented both parties in the deal.
Equity Management Partners Sells Tampa-Area Community
Marcus & Millichap facilitated the sale of LeMans, a 198-unit property located in Lakeland, Fla. The company represented the seller and procured the buyer in the deal.
Oak Coast Properties Expands Denver Portfolio
HFF arranged the acquisition loan through Freddie Mac’s CME program on behalf of Oak Coast. The pet-friendly community offers convenient access to downtown Denver.
Suburban CO Community Commands $42M
Located in Boulder County, close to major employment centers and developing areas, Stonebridge at Twin Peaks encompasses 172 garden-style units.
Tikijian Associates Arranges $122M Indianapolis Portfolio Sale
The seller acquired Westlake, Woods Edge, Wind Drift, Villa Nova and Riverwood back in 2009 in a portfolio sale. The buyer plans to renovate and rename the properties.
Welltower, Hines to Build 2nd Manhattan Senior Living Project
The two companies acquired a 9,100-square-foot site in Upper West Side, where they plan to build a 17-story memory care community.