Deals
Quest Realty Buys Chicago Land, Plans Condo Building
The 19,000-square-foot parcel located in the Andersonville neighborhood used to be the location of Man’s Country, a private club and bathhouse.
Matthews Brokers Record-Breaking Sale in LA
The property located near downtown Los Angeles traded for $9.7 million, which equates to $247,436 per unit and ranks as the highest price per unit in the area.
Kairoi Residential Buys 4-Property Portfolio
The value-add communities located in San Antonio were sold by Omninet Capital. Institutional Property Advisors represented the seller and procured the buyer.
TH Real Estate Expands DFW Portfolio
Institutional Property Advisors negotiated the sale of Churchill on the Park, a 17-building, 448-unit community in Dallas.
ABI Brokers $2.4M Value-Add Acquisition in Tucson
The 26,800-square-foot community received extensive renovations in 2017, with the current ownership having opportunity to finish interior upgrades and increase market value.
Western Wealth Completes $6M Divestment in Phoenix
The Canadian company initially bought a stake in the community in 2015, with the current transaction representing a 32 percent price increase compared to the original acquisition.
Marcus & Millichap Brokers Sale of FL Communities
The two-property portfolio located in Sarasota, Fla., traded to a 1031 exchange buyer for $9.5 million. The brokerage firm represented both parties in the deal.
FCP Expands Florida Portfolio
Situated in the Lauderhill submarket, Summit Palms features one- to three-bedroom units across four buildings. Avesta currently manages the asset.
Vesper Buys 2 GA Student Housing Properties
The company will allocate $3.2 million to property improvements for the 336-bed and 504-bed communities situated near the University of West Georgia.
North Park Ventures Plans Chicago Conversion
Interra Realty brokered the $13.7 million sale of the mixed-use building located near Wrigley Field. All 30 condominiums will be converted into rental apartments.