Deals
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.
Kiser Group Brokers South Chicago Multifamily Sales
Noah Birk and Aaron Sklar have facilitated the sale of a four-building portfolio and three other multifamily assets.
Michaelson Buys $10M Tampa Bay Community
The company purchased Forest Creek Apartments, a 104-unit property located in Largo, Fla., from Insula Capital.
LA-Area Property Commands $66M
HFF brokered the sale of The Andalucia, a 118-unit community located in Pasadena. The asset also features 11 affordable units and 7,500 square feet of retail.
Torchlight Investors, Hampshire Properties Snag MD Asset
Milestone Apartments has 576 units in 27 buildings spread across 32 acres of land. The new owners are planning a value-add strategy that will include various upgrades.