Deals
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.
NKF Arranges Sale of 3 TX Assets in 2 Deals
All three assets, totaling 905 units, are located in south Austin. Farmhouse is a core luxury community, while Estates at Southpark Meadows and Terraces at Southpark Meadows are value-add properties.
MRC Provides $68M For New Jersey TOD
The funding will be utilized for a two-phase, 640-unit project adjacent to the new PATH train station in Harrison.
Cushman & Wakefield Arranges $50M Sale in Fort Myers
The firm represented Mosaic Development in its disposition of Mosaic at the Forum, a 252-unit, newly constructed apartment community managed by Incore Residential.
American Landmark Expands TX Footprint
Legends at Ridgeview Ranch totals 480 units and is located in north Plano. The new owner is planning to invest nearly $4 million in capital improvements.