Deals
South Bay Luxury Community Sells for $107M
TH Real Estate has acquired a newly constructed 186-unit asset located in Santa Clara, Calif. Designed by KTGY Architecture + Planning, the property came online in the spring of 2017.
Colliers Sets Records in Sale of 2 Seattle Assets
Both the 23-unit Pomelo Heights and The Willet, comprising 20 small efficiency dwelling units, sold for some of the region’s highest prices per square foot.
JB Matteson Buys $53M Seattle Property
Built in 2017, Origin Apartments in the Lake City area includes 153 units. The transaction marks the addition of the company’s fifth asset in the city.
Twin Creeks at Alamo Ranch Changes Ownership
Will Balthrope and Jordan Featherston of Institutional Property Advisors brokered the sale of the property, which was acquired by an out-of-state investor.
JV Sells Luxury MD Property to BlackRock
Built in 2015, the Flats at Bethesda Avenue offers 162 units and 40,000 square feet of retail space.
Rittenhouse Realty Sells Again in Philly’s Fishtown
The property, originally constructed in the late 19th century, was transformed into a luxury community and features a ground-floor commercial space currently leased to Fishtown Brewery.
1031 Crowdfunding Buys Portland-Area Memory Care Facility
The 48-bed Rosewood Specialty Care is located across the street from Rosewood Park, another assisted living community that Frontier Management operates.
NHI Acquires Ohio Senior Housing Portfolio for $70M
Totaling 320 units, the communities will be leased to an affiliate of Bickford Senior Living at an initial rate of 6.9 percent with annual fixed escalators and a 15-year maturity.
Bridge Multifamily, Freddie Mac Team Up for Affordable Housing Initiative
Freddie Mac will purchase and aggregate up to $500 million in loans over a one-year period, allowing Bridge to acquire, improve and preserve workforce and affordable housing across the U.S.
Garden-Style Community Changes Hands in CT
HFF brokered the sale of Gull Harbor, an 80-unit community in New London that is part of a fractured condo property.