Deals
Related Cos. Buys $590M AIMCO Affordable Housing Portfolio
The firm purchased and plans to rehabilitate nearly 8,000 units across 51 properties in 16 states.
Marcus & Millichap Brokers Sale of FL Property
Fifth Avenue Courtyard is a 21-unit value-add community located in St. Petersburg. The buyer plans to upgrade the unit interiors.
Waypoint Expands Senior Housing Portfolio
The firm purchased The Claiborne at Adelaide in Starkville, Miss., which offers 82 independent and assisted living units. This marks the company’s second senior housing investment.
Vesper Buys $40M NC Student Housing Asset
The transaction marks Vesper’s fifth student housing acquisition in the past months. The company plans to implement a $1 million value-add renovation to modernize the features of the property.
Palo Alto Community Changes Hands
Levin Johnston has brokered the sale of the property on behalf of the seller, an international owner and represented the buyer, a local investor.
SR Apartments Sells Orlando Asset for $17M
CaSienna Apartments was built between 1972 and 1973 and includes 160 units. Franklin Street arranged the transaction.
Trion Properties Acquires 3 OR Communities
The properties in the transaction include Center Square, Menlo Square and Maple Tree, totaling 174 units. Trion plans to complete strategic value-add upgrades at the communities.
Castle Lanterra Buys 4th CO Community
The Ranch at Bear Creek in Lakewood, 20 minutes from downtown Denver, features 201 units. Amenities include an updated clubhouse, two swimming pools and a fitness center.
IPA Facilitates $65M Phoenix-Area Transaction
Eaton Vance Investment Managers purchased the 303-unit Chandler property, which includes a volleyball court, two swimming pools and 458 parking spaces.
Tucson Value-Add Asset Changes Hands
Skyline Park Apartments is situated in a market which is experiencing a surge of value-add investments, largely due to limited new supply and continued population growth.