Deals
JoCo JV Picks Up Austin Value-Add Assets
The new owner plans to renovate and consolidate the two garden-style properties, consisting of 316 units, into a single community.
StoneRiver Co. Acquires 625-Unit AL Portfolio
The company purchased Huntleigh Woods, Southern Oaks and Ashford Place, all located in Mobile. Each of the communities has its original interiors and offers a value-add opportunity for the new owner’s Fund I.
Lion Real Estate Roars Into Nashville
The company acquired the 1973-built Highland Cove, a 206-unit property that traded for $16.6 million in an off-market transaction.
MBK Senior Living Acquires $382M Portfolio
The properties, which recently underwent $25 million in capital improvements, include nine senior housing communities across California, Washington and Arizona, totaling 1,200 units.
Summit Equity Investments Buys IN Senior Housing
Whitmore Investments and Paragus Cos. traded the 66-unit property located in Brownsburg. Tikijian Associates represented the joint venture in the transaction.
Meridian Arranges $23M Loan for TX Community
The firm secured a three-year loan that will be used to recapitalize the 344-unit Wildwood in Austin, which features a playground, a pool and 650 parking spaces.
MN 55+ Community Sells Above the Listing Price
Lynn Court Apartments in Savage received offers from investors from seven different states, which is believed to be representative for the state of the area’s multifamily market.
Historic Richmond High-Rise Sells for $39M
Built in 1913, the 19-story First National Bank building was the city’s tallest tower at that time. In 2012, its owner converted the property into a 154-unit community.
TruAmerica Sells Las Vegas Community for $72M
Solis at Flamingo comprises 524 units across 34 buildings. The asset recently underwent major renovations and at the time of the transaction was 94.1 percent occupied.
Greysteel Arranges TX Community Sale
The company’s Doug Benerjee, Boyan Radic, Andrew Mueller, Andrew Hanson and Jack Stone closed the deal on behalf of the seller.