Deals
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.
Western Wealth Sells 79 Phoenix-Area Units
Scottsdale Haciendas previously traded in 2014, when the current seller shelled out $9.1 million for the value-add asset located close to McDowell Road.
TruAmerica Expands FL Portfolio with $79M Buy
Solis at Winter Park in Orlando comprises 596 units and offers residents access to two swimming pools, a fitness center and a clubhouse.
Security Properties Buys $85M Portland Asset
The buyers plan to upgrade common areas and unit interiors at the pet-friendly community, which was 92.8 percent occupied as of July.
Inland Real Estate Buys Tampa Community for $22M
Carroll Organization traded Laurel Oaks Apartments, a 192-unit property located 11 miles from downtown Tampa. The sale price equates to $115,104 per unit.
CT Community Receives $20M Financing
CS Acquisitions Group recently acquired the 200-unit Cove West Hartford in a $20.9 deal and plans to renovate the property.
CBRE GIP, Madison International Purchase Spanish Portfolio
Valued at about $1 billion, the 6,458 rental units are located in Madrid and other major cities. Azora, the seller, will continue to manage the communities.