Deals
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.
Dermot Co. Picks Up Brooklyn Luxury Multifamily Property
HFF and Savills Studley played a variety of roles in arranging the sale and securing debt and equity financing for the Windsor Terrace transaction.
FL Community Trades in $22M Off-Market Transaction
Berkadia worked on behalf of both parties involved the deal and Freddie Mac provided a $16.5 million, 12-year fixed-rate loan for the acquisition.
OH Portfolio with 456 Units Changes Hands
The transaction includes three communities located within the Westland submarket of Columbus. All properties have a 90 percent or above occupancy rate.
IMT Capital Nabs Nashville-Area Community
Bell Partners, which acquired the asset in 2013, traded the 214-unit property for more than $50 million. CBRE Capital Markets provided the buyer with acquisition financing.