Deals
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.
Waypoint Residential Expands Student Housing Portfolio
The 576-bed property serves students attending the University of North Carolina at Charlotte. The new owner is set to upgrade the units, common areas and amenities.
Lane Star Properties Snags $35M TX Community
Walker & Dunlop arranged $26.2 million in acquisition financing for the purchase of Edentree Apartment Homes in Carrollton.
Columbia Pacific Secures $243M for Senior Housing Portfolio
Capital One arranged the recapitalization and acquisition loan on behalf of the buyer for 18 properties across 11 states, totaling 2,310 beds.
Luxury Tower Trades for $131M in Downtown Denver
Northland Investment Corp. purchased the 31-story building as well as a 0.8-acre parcel for future development. The property was 93.4 percent occupied as of June.