Deals
KC Portfolio Scores Acquisition Loan
The two market-rate communities located west of Kansas City add up to 132 units and last traded roughly 15 years ago.
Income Property Organization Facilitates 308-Unit OH Transaction
The Shaker Square Apartments portfolio encompasses 15 buildings in Shaker Heights. The $18.7 million deal was brokered by IPO’s Paul McHugh.
JV Buys Recently Built Chicago-Area Senior Housing Property
Virtus Real Estate Capital and Pathway to Living are the new owners of The Grandbrier at Prospect Heights, a 101-unit assisted living and memory care facility in Prospect Heights, Ill.
Jacksonville Community Changes Hands
Mody Real Estate Group traded the nearly 200-unit property for almost $11 million, providing a 3-year acquisition loan to the buyer.
ARA Acquires 329-Unit Atlanta Luxury Community
The LEED Gold-certified Azure on the Park in Midtown overlooking Piedmont Park offers five designer interior collections and upgraded penthouses.
Cohen-Esrey Acquires 352-Unit KC Community
The previous owner of the 1986-built property invested close to $2.5 million in renovations and upgrades during the last five years.
Age-Restricted Community in DFW Changes Hands
Marcus & Millichap brokered the sale of the 240-unit senior community located south of central Dallas. The buyer received a $20.3 million, 10-year Fannie Mae acquisition loan.
CO Apartment Asset Receives $38M Freddie Mac Loan
Josh Simon and Kristian Lichtenfels of HFF worked on behalf of the borrower, Jeffrey Sanders of Mountain View Capital LLC, to secure financing for the Denver-area property.
Jacksonville-Area Communities to Receive $58M in Construction Financing
Walker & Dunlop facilitated loans for the 348-unit Beachwalk Apartments and the 285-unit Atlantica Isles, both located in St. John’s upcoming Beachwalk master-planned community.
Arlington Apartments Change Hands
A private investor picked up the 143-unit metro Dallas property, financing the acquisition with a $9 million Fannie Mae loan originated by Dougherty Mortgage.