Deals
Raleigh Community Trades for $24M
Hawthorne Residential Partners sold the 184-unit asset two years after it acquired it for $15.5 million from Heritage Capital Group.
Inside the Deal: Lloyd Jones Capital’s Expanding Workforce Housing Portfolio
The private equity firm expanded its Southeast portfolio with this Tallahassee property, with plans to make upgrades but keep it affordable to meet demand in this progressively growing metro.
Transactions: September 2018
The following is a list of transactions that were announced over the months of June and July, 2018.
IPA to Market $21M CA Community
The firm will handle the sale of Villa Capri in Escondido, which includes 98 units and is currently 98 percent occupied.
Raskin Holdings Sells Nashville Apartments for $50M
Covenant Capital Group picked up the 57-building, 379-unit community, funding the purchase with a five-year, $35 million Freddie Mac loan.
Nashville Community Changes Hands for $27M
NexPoint Residential Trust acquired the 210-unit suburban Class B garden-style property, financed by a 7-year, $17 million Freddie Mac loan.
Recently Completed Community Trades in Houston
American Landmark and Electra America have acquired Haven at Liberty Hills, a 246-unit community in the metro’s eastern area.
Geller Associates Sells in the DC Area
Greysteel represented the company in the disposition of Regency Court, a 115-unit property in Suitland, Md.
Wilkinson Grabs Atlanta Multifamily Portfolio
Marquis Investments traded the three Class B communities, which total 456 units in the city’s Brookhaven submarket, for $50 million.
American Landmark Continues NC Expansion
The company has acquired the 339-unit Sterling Town Center in Raleigh and the 312-unit Integra Springs at Kellswater in Charlotte. Both communities will undergo extensive renovations.