Deals
Dalzell Expands in Philly With $19M Luxury Portfolio
The portfolio comprises recently completed or renovated assets, all located within minutes from Center City’s employment opportunities, shopping, dining and entertainment destinations.
Priderock Acquires $154M AZ Portfolio
IMT Residential sold Del Coronado, Moorings at Mesa and Rancho Murietta, which are located in Tempe and Mesa.
Dougherty Mortgage Provides Fannie Mae Loan for Dallas Asset
A private investor purchased a 116-unit market-rate community in southwest suburban Dallas, taking a $7.3 million loan to fund the acquisition.
Luxury Miami Tower Lands $138M Financing
Walker & Dunlop arranged the construction loan on behalf of the developer, Two Roads Development. The 100-unit Elysee broke ground in 2017 and is scheduled for completion by 2020.
SoCal Community Changes Hands
Prism Multifamily funded the acquisition of the 121-unit Class A Latitude 33 in Palm Springs with a $10.8 million loan originated by Walker & Dunlop.
DC Apartment Community Trades for $42M
The new owner, Urban Investment Partners, is planning to implement a $1 million capital improvements plan to upgrade and renovate the asset located at 3333 Wisconsin Ave.
KRE Group JV Secures $210M for Jersey City Tower
In a partnership with National Real Estate Advisors, the firm closed on the permanent loan for the first of three residential buildings within its mixed-use Journal Squared development.
CA JV Acquires Value-Add Asset in Austin
Dekel Strategic Investors and Arrowroot Real Estate are planning to make renovations to Mueller Place, which was built in 1969.
Avison Young Facilitates Sale of 171-Unit NC Asset
Signature Place Apartments in Greenville changed hands for $14.8 million. Vice President Craig Cadwallader and Senior Vice President Gary Lyons worked on behalf of the buyer in the transaction.
Rittenhouse Realty Facilitates Sale of Philly Luxury Property
The new building features several interior and exterior high-end amenities and provides residents with immediate access to the city’s busiest areas.