Deals
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.
Rohcs Management Completes First Phoenix Buy
The California-based company made its first acquisition in Glendale, Ariz., aiming to capitalize on the Phoenix MSA’s growing workforce housing demand.
CBRE Brokers $18M Sale of Seattle Community
Remi Apartments, located near Lake Union in the Eastlake neighborhood, features 34 residential units and 5,238 square feet of ground-floor retail.
Tampa Property Sells for $42M
Institutional Property Advisors arranged the sale of Hanley Place Apartments on behalf of the seller, Axonic Properties, and procured the buyer, NorthEnd Equities.
WINLYND Buys TX Student Housing
The company plans to renovate Village at Lamar, a 384-bed and 96-unit property that serves students of Lamar University in Beaumont.
WA Affordable Community Changes Hands for $19M
The 164-unit College Glen Apartments is an affordable community located in Thurston County, an area experiencing one of the highest rent growths in the region.
Harbor Goup Sells $25M MD Community
Annen Woods is located near the Baltimore Beltway and includes 131 units across 11 three-story buildings. The new owner is planning to upgrade 90 apartments and several common-area amenities.