Deals
Griffin-American Healthcare Expands MO Portfolio
The REIT added eight skilled nursing facilities in the St. Louis-area to the five assets it acquired last year. The cost of the acquisition was $88.2 million.
Prasiti Asset Manager Acquires Texas Property
A JLL Capital Markets team represented the seller, CEG Multifamily LLC, in its disposition of Retreat at Western Hills, a 224-unit apartment community.
Geller Associates Buys $23M Charlotte Apartments
Hunt Real Estate Capital provided a $18.3 million Fannie Mae DUS loan to finance the acquisition of Fields at Archdale, a 243-unit garden-style community.
Drucker + Falk Buys 396-Unit Hampton Roads Asset
Federal Capital Partners sold the Newport News community for $46.7 million after a 7-year holding period. The new owner is planning on implementing several upgrades.
Red Capital Arranges Loan for Historic PA Conversion
The $7.8 million financing will be used to transform a century-old tobacco warehouse in Lancaster County into Tobacco Road Apartments.
Maxus Realty Trust Sells MS Community
Berkadia represented the seller in its disposition of Mallard Creek Apartments, located in Horn Lake. The previous owner bought the property in 2015 for $8.2 million.
Praedium Group Acquires GA Community
The 500-unit multifamily property is spread across 22 three- and four-story buildings in Newnan, Ga.
CBRE Facilitates $14M Loan for Recently Built NC Community
Kristen Reilley and Nate Sittema led capital markets efforts to secure a 10-year, fixed-rate acquisition financing for Beaucatcher Flats in Asheville.
CBRE Brokers $93M Denver Community Sale
Dan Woodward, David Potarf and Matthew Barnett worked on behalf of the seller, a joint venture of TruAmerica Multifamily and Investcorp.
Miami Beach Community Lands $5M Loan
Eastern Union Funding arranged the financing for the acquisition and conversion of a 12-unit building into 18 short-term rental apartments. BridgeInvest provided the loan.