Deals
Jamestown Snags The Ellington for $119M in DC
Situated in the historic U Street neighborhood, the property features 190 residential units and an additional 16,760 square feet of retail.
CBRE Secures Sale, Finances OR Student Housing
A team of Phil Oester, Joe Nydahl and Josh McDonald represented both the seller and the buyer in the sale of the 179-unit student housing community and secured a $19.1 million 10-year loan.
Keener Investments Buys Houston-Area Community
Situated within the Kingwood master-planned community, Elm Grove Apartments is two-story property comprising a total of 122,300 rentable square feet.
The DSF Group Sells Boston-Area Community for $76M
Located in the eastern part of Worcester County, Halstead Westborough provides a total of 280 units, spread across 13 residential buildings.
EDEN, Cypress Equity to Develop Ft. Lauderdale Tower
Developed on a former parking lot, the 32-story NEXT Las Olas will comprise 374 units, as well as ground-floor retail space and an adjacent parking garage.
Tempe Luxury Property Trades for $73M
Transwestern Development built the 290-unit Vela Apartments in partnership with a private investor. The developer obtained $34 million in construction financing from Bank of the Ozarks.
Birmingham Asset Changes Hands for $39M
The 468-unit, Class B property contains a mix of one- to three-bedroom apartments situated near Interstate 65, providing convenient access to Birmingham’s downtown area.
Tree Group’s CT Portfolio Trades for $48M
Chozick Realty represented the seller and procured the buyer in the transaction, which included Peppertree in Groton, Silvertree in Wallingford and Harbortree in New London.
Berkadia Brokers 311-Unit San Antonio Community Sale
PEM Real Estate Group acquired Legacy Flats, a 10-building garden-style multifamily property in San Antonio. White-Conlee Builders completed the asset in 2016.
Rittenhouse Realty Closes $6M Sale in Philly
The four-story building comprises 15 units and a commercial ground floor component, a space currently leased to Sherwin Williams.