Deals
Pollack Shores Snags GA Community
The firm purchased AMLI Northwinds in Alpharetta, which will be renamed and undergo a $13 million renovation plan to upgrade unit interiors and amenity spaces.
Arcapita Acquires Chicago Senior Housing Portfolio
The portfolio is composed of 1,100 units and is the company’s third senior housing acquisition over the last two-and-a-half years.
Transactions: October 2018
The following is a list of transactions that were announced over the months of August and September, 2018.
JV Buys Fort Myers Student Housing Community
The off-campus, 168-unit student housing property serves students attending Florida Gulf Coast University, situated 3.1 miles away.
CWS Community in Duluth, GA, Trades for $52M
The seller, CWS Capital Partners, acquired the 323-unit Class A property in Atlanta’s northeast suburbs from Paces Properties in 2013 for $12.2 million.
Morgan Properties Lands $91M Multifamily Portfolio
Constructed between 1969 and 1979, the four communities in and near Nashville, Tenn., total 826 units. The buyer took a nearly $75 million Fannie Mae loan to finance the acquisition.
Phoenix Asset Sells for $49M
Knightvest Acquisitions purchased Siena on Baseline Apartments from P.B. Bell Cos. The 352-unit community includes three pools, covered parking and a playground.
TSB Realty Secures Sale of MN Student Housing
The 772-bed Radius @ 15th serves students attending the University of Minnesota. Pinnacle Campus Living will manage the property.
Luxury Student Housing Asset in Austin Changes Hands
CBRE’s Jaclyn Fitts, William Vonderfecht, Casey Schaefer, Charles Cirar, Michael Wardlaw and Colin Cannata completed the sale, while Ben Roelke together with Ian Walker arranged the financing.
CapitaLand Acquires $835M Portfolio
The properties include 16 communities located within the metropolitan areas of Seattle; Portland, Ore.; Los Angeles; and Denver. This marks the firm’s entrance into the U.S. multifamily market.