Deals
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.
Bolour Breaks Ground on $24M Luxury LA Community
The Riverside development in Silver Lake will comprise 65 units and offer access to a swimming pool, a gym and a club room.
Maxx Properties Acquires Salt Lake City Property
The company plans to fully renovate the 361 units and common areas of the 1970s-era Cobble Creek Apartments, which is located 10 miles south of the city’s downtown.
Bridge Investment Crosses Into Atlanta Suburbs
The firm purchased the 680-unit Class B community in the metro’s Cumberland/Galleria submarket from Castlegate Properties, which acquired the asset in 2016.
Miami Community Lands $36M Refi
Miami Stadium Apartments, the former site of the Miami Marlins minor league stadium, was converted to multifamily housing in 2002 and offers a fitness center, a playground and a swimming pool.
Greysteel Arranges Acquisition Loan for TX Community
Lancaster Cornwall Apartments offers 265 units and access to amenities such as two swimming pools, a clubhouse and a fitness center.
LIV Development Offloads FL Asset
The buyer, Myers Apartment Group, picked up the newly built 260-unit property for more than $50 million prior to the asset’s stabilization.
Fogelman JV Expands Southeast Portfolio
In conjunction with Thackeray Partners, the firm purchased Legends at Charleston Park in Charleston, S.C., and Westridge in Jacksonville, Fla., for a total of $67 million.
MD Multifamily Buyer Lands $34M Financing
The first mortgage bridge loan provided by Hunt Real Estate Capital financed the acquisition and planned renovations of a 208-unit community in Pikesville, Md.