Deals
Atlantic | Pacific Cos. Expands GA Footprint
The Pointe at Preston Ridge in Alpharetta marks the firm’s 21st owned and managed community within the Atlanta metro, bringing its total to nearly 5,500 units.
Stone Point Capital to Acquire Sabal Capital Partners
The firm will continue to be operated by Founder & CEO Pat Jackson, as well as other senior members that will make investments within the company alongside the Trident VII funds.
Interra Closes 3 Chicago Sales
The properties are located in the suburb of Evanston and two North Side city neighborhoods, Avondale and Rogers Park. The combined transaction price was $10.1 million.
Carmel Partners Trades SF Asset
Pacific Urban Residential paid more than $40 million for the 69-unit property, with Berkeley Point Capital providing acquisition financing for the transaction.
OC Community Changes Hands in 1031 Exchange
An Avison Young team brokered the sale of Sundance West Apartment Homes. The buyer assumed an existing loan with Chase Bank.
VA Property Trades for $51M
Hasta Capital acquired The Residences at City Center, a 291-unit transit-oriented apartment community in Manassas Park. HFF’s investment advisory team represented the seller.
Multifamily Value-Add Trades in Phoenix
A partnership between Thomas Pride International and Ecohouse Real Estate purchased Phoenician Villa Apartments, a seven-building asset comprising 93 units.
AMG Realty Trades 512-Unit NM Property
The buyer funded the acquisition of the Class C community with a $14.3 million Fannie Mae mortgage provided by Arbor Realty Trust.
Atlantic | Pacific Cos. Secures $40M TX Community
Avana Point in Fort Worth is set to be renamed The Atlantic Station and is the company’s 13th owned and managed asset in the Texas market, bringing its total portfolio to 4,271 units.
TIAA Grabs Newly Built Austin Asset
Casey Development offloaded the 246-unit Tacara Steiner Ranch, which opened in February. Following the sale, Pinnacle assumed management of the luxury property.