Deals
Universe Holdings, Hanover Financial Buy $100M CA Community
The companies purchased Capes at Ventura, a 400-unit asset in Ventura, and plan on investing $6.5 million in upgrades.
Terra Properties Nabs St. Louis-Area Community
The firm financed the acquisition of the 128-unit market-rate asset with a $510,000 Fannie Mae loan originated by Dougherty Mortgage.
Greysteel Arranges $37M Multifamily Asset Sale
President & CEO Ari Firoozabadi and Senior Investment Associate Ari Azarbarzin represented the seller of the 417-unit Maryland property. The new owner plans to upgrade the 1964-built asset.
Interurban Trades NC Community for $13M
The 144-unit multifamily property is located in a western suburb of Charlotte and contains a mix of one-, two- and three-bedroom apartments.
St. Paul Community Attracts High Investor Competition
Marcus & Millichap arranged the sale of Priscilla Street Villas, an 11-unit apartment building in Saint Paul, Minn. The property was sold for an amount above the asking price.
Progress Capital Lands $26M for Mixed-Use Jersey City Project
The development, which is being built on the site of the former Fairmount Hospital, will feature 99 luxury apartments and 2,240 square feet of ground floor retail.
Mazis Family Trust Buys 19-Unit San Diego Community
Located at 4560 Florida St., in the University Heights neighborhood, the 1970-built property features a mix of 13 two-bedroom and six one-bedroom units.
Top 10 Multifamily Transactions in the Southern US
Bolstered by an increase in transaction activity over the previous two years, more than 40 communities changed hands in the region so far this year for a total sales volume of roughly $650 million.
Mills Properties Trades St. Louis Community
Brass Enterprises picked up the 178-unit Class A luxury property, which opened in 2016 and includes a Whole Foods Market on the ground floor.
Positive Investments Buys CA Community
Keller Williams Commercial Studio City represented the company in its purchase of the 10-building, 86-unit property, located in Compton.