Deals
Preferred Apartment Communities Sells Nashville Asset
A joint venture between Security Properties and Reinsurance Group of America picked up the suburban 364-unit community for $55 million.
AMG Sells Dallas Asset to S2 Capital
S2 Capital picked up the 480-unit community, financing the acquisition with a $13.5 million loan originated by InPoint Commercial Real Estate Income.
Chicago-Area Community Trades for $131M
FPA Multifamily picked up the 758-unit asset, financing the acquisition with a 12-year, $95 million Fannie Mae mortgage originated by Berkadia.
Coastal Ridge Adds to OH Portfolio
The Edge at Arlington, previously known as LeMans Village, has 229 units and amenities include 12 laundry facilities and a basketball court.
JV Acquires NYC Portfolio for $60 Million
Greystone provided $45 million in bridge financing for the three buildings located in Washington Heights, Morningside Heights and West Harlem.
The Connor Group Buys Atlanta Community for $39M
CF Real Estate Services was represented by CBRE in the sale of Ardmore & 28th, a 165-unit property in the Buckhead submarket.
KeyBank Arranges $63M for Multifamily Portfolio
The properties include Cambrian in Aurora, Colo.; Ascott Place in Tampa; and The Cascades in Phoenix. The loans were secured through Fannie Mae.
PRG Trades Jacksonville Community
InvestRes picked up the 200-unit property for more than $21 million, financed by a $15.3 million Freddie Mac loan originated by Berkeley Point Capital.
Gateway Acquires St. Louis-Area Mixed-Use Community
The 8.3-acre property, which will be rebranded as The Westview, marks the company’s seventh acquisition in the St. Louis area within the last five years
Sacramento Multifamily Asset Commands $14M
JCM Partners sold the 76-unit community to IDS Real Estate Group, which landed an HFF-originated, $7.6 million Freddie Mac loan to finance the acquisition.