Deals
Columbus Community Changes Hands
The buyer took out a 10-year Freddie Mac acquisition mortgage to finance the transfer. Pinnacle Financial originated the loan.
Cushman & Wakefield Brokers $33M Charlotte-Area Sale
Jordan McCarley, Marc Robinson and Watson Bryant of the company’s Southeast Multifamily Advisory Group facilitated the disposal of Fountains at Mooresville Town Square, a 227-unit community in Mooresville, N.C.
Preiss Buys 450-Bed TX Property
The Forum serves Sam Houston State University students and offers a private shuttle service to and from the campus. The new owner intends to renovate the community.
Greystar Acquires 273-Unit Portland Community
Indigo at Twelve West is a LEED Platinum certified mixed-use community in the West End submarket. The property also includes 10,000 square feet of retail and 86,000 square feet of creative office space.
Berkadia Secures FL Student Housing Sale
The 200-unit community serves Florida Gulf Coast University. A joint venture between Coastal Ridge Real Estate and H. Katz Capital purchased the asset.
Luxury Denver-Area Community Lands $119M
HFF arranged the five-year, floating-rate loan to replace the existing construction financing for The Forum Fitzsimons, a 397-unit mixed-use property in Aurora.
Cortland Partners Snags $66M Orlando Property
ARA Newmark Vice Chairman Patrick Dufour, Director Scott Ramey and Executive Managing Director Kevin Judd worked on behalf of the seller, LeCesse Development, to facilitate the transaction.
Trion Properties Grows Portland Portfolio
The company acquired Springbrook Gardens, an 84-unit community located in the Aloha submarket, for $11 million.
AMG Realty Offloads Ohio Community
A private investor acquired the 66-unit asset in Columbus’ North Linden submarket for $2.1 million. This marks the community’s second ownership transfer this year.
Pathfinder, Silvergate to Transform Former Convent into Apartments
Little Flower Haven in La Mesa, Calif., closed in 2015 and will be converted into 130 units. Construction is scheduled to begin in the fall of this year.