Deals
FCP Sells Suburban DC Community for $25M
Built in 1968, River Pointe features 170 units and is situated roughly 14 miles south of Washington, D.C. The former owner purchased the property in 2011, as a value-add investment.
Radco Acquires 1,400 Units in Suburban Indianapolis
A major private capital player, the company financed the acquisition using its private capital platform, as well as debt furnished by BBVA Compass.
San Diego-Area Community Trades for $14M
Curtis Properties sold the 62-unit, garden-style asset, which is situated east of central San Diego and dates back to 1974.
Dalan, VM Management Buy 138-Unit Phoenix Asset
The previous owner acquired the property in 2015 for $10.7 million and renovated it extensively before placing it back on the market.
WDP Management Buys Chicago Condo Community, Plans Conversion
Kiser Group’s Senior Director Noah Birk and Director Aaron Sklar brokered the transaction of the 29-unit asset in the city’s South Shore neighborhood.
Downtown San Jose Community Sells for $13M
Levin Johnston has brokered the sale of First Street Manor, a property located in downtown San Jose, within two miles of the city’s future Google Village.
CPP Buys 2 Salt Lake City-Area Affordable Properties
The assets, totaling 98 units, traded for $14.3 million. The firm succeeded in fully integrating the communities into the Section 8 housing program.
Alpha Wave Goes Shopping in Vegas
The company acquired Cypress Springs Apartments, located where new supply is somewhat limited compared to the metro’s other areas. The firm will invest approximately $1.7 million in capital improvements.
Kiser Group Brokers Sale of Chicago-Area Community
Principal & Managing Broker Lee Kiser and Broker Matt Halper facilitated the transaction of 345-unit Blue Station Apartments in Blue Island, Ill.
Phillips Realty Capital Secures $40M for TX Property
Weinstein Properties’ acquisition of Century Lake Forest in McKinney, is the company’s third in the Dallas Metroplex and ninth in the state.