Deals
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.
Baron Properties, Buchanan Street Sell $44M Phoenix Community
Vue Park West, which the joint venture acquired in 2014 for $30 million, is situated within the 250,000-square-foot Park West mixed-use development.
Rincon Partners Buys $22M Community in Phoenix
Previous ownership implemented a thorough renovation program in 2015. The asset traded at almost four times the original purchase price.
DIJ Properties Enters Arizona Market
The company plans to implement a large renovation program for the 1987-built community to unlock value for investors and improve the residents’ living conditions.
McDougal Sells 3 Northwest TX Communities
The properties, located in Lubbock, comprise more than 1,150 units. Transwestern brokered the deal on behalf of the seller and sourced the buyer.