Deals
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.
Praedium Group Snags Minneapolis Community
Maverick North Loop Apartments comprises 168 units across two buildings and 5,095 square feet of ground-floor retail, half of which is currently leased to Starbucks.
Hopkins Holding Acquires GA Student Housing
Capital One provided a $19.3 million Fannie Mae loan for the firm’s purchase of The Blake, a 270-bed community in Savannah.
Gelt Buys 491-Unit Seattle Portfolio
The seller, FPA Multifamily, recently renovated interior and exterior amenities, including the clubhouse, the fitness center and the parking lot of both properties.
ABI Multifamily Brokers Sale of 110-Unit AZ Asset
A partnership between MJW Investments and Tide Equities plans to rebrand the recently renovated Tempe property, which comprises a total of 97,890 rentable square feet.
Hunt Mortgage Arranges $9M Loan in VA
Geller Associates acquired Lee’s Landing in Newport News and will improve the community in order to qualify for the Fannie Mae green rewards program.
Wellington Closes TX Student Housing Sale
The community is a modular redevelopment of a high school in central Waco, located half a mile from Baylor University.
Salt Lake City-Area Community Changes Hands for $32M
Buchanan Street Partners has acquired the 160-unit Pinnacle Fort Union property as a value-add investment.
Kushner Buys 360-Unit NJ Property
The company has acquired Prospect Place, a two-building community located in Hackensack, N.J., from Greystar.