Deals
Beachwold Acquires 242-Unit FL Community
Read Property Group sold the asset for $20.2 million after picking it up five years earlier, out of foreclosure, for $5.2 million.
Akara Partners Buys Land for Downtown Phoenix Tower
The project, Kenect Phoenix, is set to comprise 320 units across 23 stories, and feature multiple rooftop amenities, as well as 8,000 square feet of ground-floor retail.
JV Grabs Nashville Apartments for $45M
Admiral Capital and Security Properties purchased the 240-unit property from Venterra Realty, which had acquired the asset in 2012 for $27.7 million.
NHP Foundation Lands $9M Loan for Affordable MD Purchase
National Affordable Housing Trust, in a partnership with Low Income Investment Fund and Morgan Stanley, provided acquisition financing for the 120-unit property.
Long Island Senior Community Receives $10M HUD Loan
Located 45 minutes from Manhattan, Birchwood Suites in East Northport, N.Y., landed the refinancing loan through HUD’s Section 232 pursuant to Section 223(f) funding program.
894-Bed Student Housing Asset Trades in Orlando
Inland Private Capital Corp. sold The Retreat at Orlando on behalf of one of its 1031 investment programs. Completed in 2014, the community primarily serves University of Central Florida students.
JLL Income Property Trust Buys Upscale Dallas Asset
The garden-style community is situated within a 2,665-acre, master-planned development, which employs around 100,000 people. JLL Income Property Trust now has a portfolio of more than 2,500 units.
JVM Acquires Luxury Kansas City Community
The 340-unit property is located near the city’s Power & Light District as well as the CBD and represents JVM’s ninth high-end asset in Kansas City.
SoCal Community Sells for $5M
Stepp Commercial brokered the sale of the property located in the Bixby Knolls neighborhood of Long Beach, Calif.
Essex Realty Group Brokers IN Community Sale
Mayfield Apartments, a 52-unit, garden-style community near Valparaiso University in Porter County, changed hands for $2.7 million.