Deals
CAG Acquires South Fla. Site for Luxury Multifamily Project
The firm plans to break ground on the 256-unit luxury community South Daytona Beach, Fla., in March 2019 and have it ready for occupancy in 2020.
Transactions: November 2018
The following is a list of transactions that were announced over the month September, 2018.
CBRE Brokers $56M Denver Portfolio Sale
Laramar Group purchased The Rise, The Edge and The Vue in Cherry Creek. David Potarf, Dan Woodward and Matthew Barnett represented the seller, Granite Peak Properties.
Dallas-Area Community Changes Hands
The 68-unit community in Carrollton, Texas, has a mix of studio, one-, two- and three-bedroom units. The asset was recently renovated.
Passco Nabs NC Community for $57M
The Asheville Exchange acquisition marks the company’s first foray into the emerging Asheville, N.C. market.
ClearWorth Capital Snags Houston Community
HFF marketed The Edge at City Centre on behalf of the seller, 29th Street Capital, which invested around $2.6 million to rebrand, renovate and reposition the asset.
Atlanta-Area Community Changes Hands
Two Water Capital paid more than $22 million for the 242-unit multifamily property, financing the acquisition with a $16.6 million Fannie Mae loan.
Lindemann Multifamily Acquires Orlando Community for $64M
ContraVest, Case Pomeroy and BBX Capital sold the 292-unit luxury property, which is part of The Gardens on Millenia, a 47-acre mixed-use development.
Freddie Mac Closes LIHTC Fund with Hudson Housing Capital
The fund’s first investment comes in the form of a $17.5 million LIHTC equity for Lord Road Apartments, which will provide 324 low-income units in San Antonio.
FL Luxury Apartments Command $103M
Ram Realty Advisors and Kolter Urban have sold The Alexander and Alexander Lofts, two high-end communities located in West Palm Beach.