Deals
Waypoint Buys NC Apartments
The company acquired the 214-unit Capital Creek at Heritage, located in Raleigh’s submarket Wake Forest, from TWO Capital Partners for $36.4 million.
TMG Arranges Sale of CA Community
United Development Group traded Casa Del Sol Apartments, a 205-unit community in Bakersfield, to a San Fernando Valley-based private investor.
Prism Picks Up KC Community
The property consists of 54 three-bedroom townhome units, each containing an attached garage and more than 1,500 square feet of living space.
JLL Brokers Sale of San Antonio Community
Achieve Investment Group’s Villa de Oro is located in the southwestern part of the city and includes 150 units, a clubhouse, a playground and a spa.
Tandem Partners, Rambaud Holdings Plan New Chicago Community
Marcus & Millichap brokered the $11.4 million sale of the mixed-use building and site in the River West neighborhood where the apartment tower will be constructed.
JV Buys 176-Unit Raleigh-Area Senior Community
Cushman & Wakefield brokered the sale of Woodland Terrace in Cary, N.C., comprising 104 independent living, 36 assisted living and 36 memory care units.
AIMCO Extends Philly Footprint With $445M Portfolio Buy
The company acquired six communities in the metro with a total of 1,116 units from Dranoff Properties. The deal is expected to close in the second quarter of this year, except for the purchase of one property that is expected to close in the first half of 2019.
LA Community Sells for $24M
HFF brokered the sale of Infinity West, a 43-unit property located in West Hollywood, on behalf of the seller, Bolour Associates.
Zavala Capital Expands Atlanta Footprint
Jake Reid and Roger Schoerner of Franklin Street Real Estate acted on behalf of the seller in the $9.7 million transaction.
Alden Street Capital Nabs TX Student Housing Community
Built in 2002, Dakota Ranch comprises 316 beds and serves students attending Texas State University. CBRE arranged the sale and financing of the 17-acre property.