Deals
DC-Area Portfolio Trades for $302M
FCP sold 11 communities in St. Charles, Md., to an affiliate of Strata Equity Group, after purchasing the properties in 2009 from American Community Properties Trust.
Insula Cos. Offloads Tampa Community for $21M
The asset sits a mile north of the University of South Florida’s campus and consists of 168 two-bedroom townhouse units.
Manhattan Apartment Prices Continue to Drop: Halstead
The median cost has remained unchanged from quarter four of 2017 but dropped 1 percent from the previous year, according to the company’s most recent report.
Andover Real Estate, M Group Pick Up MI Asset
The buyers financed the acquisition with a $16 million Fannie Mae Green Rewards loan originated by Hunt Mortgage Group.
Affordable FL Community Lands $23M
Dougherty Mortgage arranged the financing for the acquisition and rehabilitation of the 336-unit Seven Palms Apartments in Punta Gorda. Dominium purchased the property from Alliant Capital.
Hamilton Zanze Snags 518-Unit CT Portfolio for $63M
The two communities located in the Westlake District of Middletown, Conn., changed hands in a deal brokered by IPA.
Waypoint Residential Buys 194-Bed GA Community
The 146-unit student housing property serves those attending Mercer University and includes 12,000 square feet of retail and a 3,800-square-foot clubhouse.
American Landmark, Electra America Acquire Tampa Community
The companies purchased Waters Edge, which will be rebranded as WestEnd at 76Ten and undergo more than $1.5 million in renovations.
Forest City Trades Brooklyn Property for $156M
Principal Global Investors acquired 461 Dean, a 363-unit community—50 units of which are affordable—that opened in late 2016.
Transactions: April 2018
The following is a list of transactions that were announced between February 22 and March 6, 2018.