Deals
JV Pays $58M for Brand-New Iowa Apartments
Kimberly Development’s sale of the luxury 434-unit Autumn Ridge Apartments in suburban Des Moines will be completed in two phases.
Cardinal Group Buys OR Student Housing
The buyer used proceeds from an acquisition loan, provided through Freddie Mac’s CME program, to purchase the 244-bed off-campus property in Eugene.
Cushman & Wakefield Brokers $49M FL Sale
Senior Directors Jay Ballard and Ken Delvillar of the company’s multifamily team in Orlando facilitated the transaction on behalf of seller Waypoint Residential.
Orlando-Area Community Lands $38M Acquisition Loan
The 320-unit property was nearing full occupancy at the time of the transaction. Berkadia worked on behalf of buyer Insula Cos.
Orlando Community Lands $48M Acquisition Loan
The recently completed property had an 82 percent occupancy rate at the time of the negotiations. Berkadia worked on behalf of buyer Advenir.
Continental Realty Sells 236-Unit NoVa Community
The Chase Heritage community in Sterling is located in close proximity to Dulles International Airport and Dulles Town Center. CBRE’s Mid-Atlantic team facilitated the transaction.
Lyon Capital Ventures Enters Vegas Market With $46M Buy
The company plans to add a short-term stay hotel and additional units on the adjacent land, as well as renovate some features of the 160-unit Gramercy.
Hunt Mortgage Arranges $10M for FL Acquisition
The firm secured a Freddie Mac loan on behalf of Eric Schifferli for its purchase of Seaside Villas, a 121-unit garden-style community located in Gulfport.
Fully Leased Community Trades in North Dallas
4L Enterprises purchased Gateway Apartments, a 76-unit asset located near several major routes. Greysteel arranged the deal on behalf of the seller.
Passco Pays $70M for Jacksonville Apartments
Waypoint Residential and Rohdie Management developed the 13-building, 380-unit Point at Tamaya in Florida, which opened its doors in October 2017.