Deals
CA Property Sells for $16M
Avison Young has arranged the sale of the 28-unit property located in Culver City, approximately 10 miles from downtown Los Angeles.
IPA Brokers Sale of San Antonio Value-Add Community
JBT Investments purchased Fredericksburg Place with the help of a loan from Deutsche Bank. The asset was more than 90 percent leased at the time of sale.
Trion Properties Acquires $28M OR Community
The purchase of Pacific Crest in Tigard marks the firm’s 10th investment in the Portland area within the last three years, bringing its area portfolio to 700 units.
American Landmark Expands NC Footprint
The Florida-based company teamed up with Electra America to acquire a three-property portfolio comprising more than 1,000 units. The new owners plan to invest up to $8 million in renovations.
PAC Buys 140-Unit TX Student Housing
The Bloc, located in Lubbock, serves students attending Texas Tech University and includes access to a swimming pool, a fire pit and a free Starbucks bar.
Starlight, Blackstone Acquire 746 Units in Canada
The portfolio comprises six communities located in Toronto and Montreal, which include low-, mid- and high-rise buildings. This marks Blackstone’s first investment in the Canadian multifamily market.
Marcus & Millichap Facilitates Southern CA Sales via 1031 Exchanges
Located in Anaheim and Oceanside, the four communities changed hands for $67.7 million combined. Tyler Leeson and Drew Holden represented the sellers and also procured the buyers.
CBRE Arranges Affordable CO Sale
Dan Woodward, David Potarf, Matthew Barnett and Jake Young represented the seller. The Romero Group manages the property located within Willits Town center, a 360,000-square-foot mixed-use development.
Prudent Growth Partners Grows NC Portfolio
The company is steadily growing its investor network by targeting garden-style communities between 100 and 300 units. The current deal brings its North Carolina portfolio to eight properties.
NAP Trades New Atlanta Luxury Community
The 244-unit Anthem on Ashley opened earlier this year and includes 6,000 square feet of on-site restaurant and retail space.