Deals
LA-Area Community Sells for $79M
The Korda Group acquired the 288-unit Trails at San Dimas from Stockbridge Capital Group and CNS Focused Investment.
Vitus Enters CO Market
In a collaboration with the Colorado Coalition of the Homeless, the affordable housing developer acquired Renaissance 88, a 180-unit property that the company plans to renovate.
MI Community Receives $11M Refi
After previously securing acquisition financing for Timberwood Crossing, Cohen Financial has now arranged a HUD-insured loan for the same property. Managing Director Cathy Bronkema worked on behalf of the owner.
Sage Management Adds 687 Units in MD
The company paid $113 million for two properties in the D.C. and Baltimore metros. The communities will be owner-managed and will receive amenity improvements and various renovations.
Interra Realty Closes New Chicago Deal
The multifamily property is located in the Edgewater neighborhood and sold for $2.1 million, after having recently been renovated by the seller.
Latch Raises $70M Series B Fund
Brookfield Ventures will be leading the fund and installing the brand’s smart access system throughout properties within its current pipeline, creating the world’s largest smart access ecosystem within a single portfolio.
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.