Deals
Lexington Corp. Sells St. Louis-Area Community
The buyer, Siesta Coast Capital, paid $4.3 million for the 120-unit multifamily asset. The property last changed hands in mid-2008 for $4.5 million.
Seattle-Area Community Sold for $173M
Los Angeles-based Decron Properties entered the Puget Sound market with the acquisition of Avana 522 in one of the largest transactions in the region this year.
StoneBridge Buys 346-Unit Durham Community
HFF assisted with the sale and also worked on the new owner’s behalf to secure a $28.9 million Freddie Mac loan for the acquisition. TH Real Estate sold the garden-style asset.
Lantower Residential Pays $74M for Luxury NC Community
An HFF team including Justin Good, Jeff Glenn, Caylor Mark and Allan Lynch marketed the newly built property on behalf of Woodfield Development.
Chicago Luxury Tower Lands $215M Refi
Perkins Coie represented the borrower, Optima Inc., in arranging a loan to refinance construction debt on the 57-story Optima Signature high-rise.
Oklahoma Apartments Change Hands
The transaction marks Timberland Partners’ third acquisition in the state, bringing the company’s national portfolio to more than 13,800 units.
Suburban Atlanta Asset Changes Hands
Domum Real Estate Partners traded the 175-unit community for more than $22 million, with the buyer financing the acquisition with a $15 million Freddie Mac loan.
29SC Expands Houston Presence With Value-Add Asset
The privately held firm plans to invest more than $2 million in capital improvements in the 17-building community located 23 miles northwest of downtown Houston.
Emma Capital Buys Atlanta Property for $36M
The Toronto-based company has expanded its presence in the U.S. with the acquisition of a 392-unit community located in the Northlake suburb.
North FL Affordable Housing Portfolio Changes Hands for $51M
The portfolio includes four communities totaling 768 units across three of Jacksonville’s submarkets. The new owner, Millenia Housing Management, plans to invest $40 million in capital improvements.