Deals
NoVa Skilled Nursing, Rehab Center Sells for $13M
The Mount Vernon Nursing & Rehab Center, located south of downtown Washington D.C., encompasses 69 rooms and 130 licensed beds.
CBRE Arranges $11M Metro Portland Sale
CBRE’s Phil Oester, Joe Nydahl and Josh McDonald worked on behalf of the seller in the disposition of a townhome-style community in Tigard, Ore.
Napali Capital Returns to Atlanta Metro
As was the case with previous acquisition in the area, Napali plans to invest in improvements at the re-branded property.
PAC Invests in Northeastern Atlanta Asset
Completed in 2016, the 14-building, 310-unit community in Tucker is close to Northlake Mall. The transaction involved a $39.7 million loan.
Transactions: March 2018
The following is a list of transactions that were announced between December 2017 and Feb. 21, 2018.
Golub & Co., USAA Buy Chicago’s Century Tower
The joint venture plans to renovate the historic building and transform the existing 292 condominiums into luxury apartments.
Shopoff Sells Brookside Mobile Home Park for $73M
The company has traded the 45-acre manufactured housing community in El Monte, Calif. as an off-market transaction.
Charleston-Area Community Changes Hands for $11M
DoUnto Partners sold The Forest at Fenwick, an 80-unit property in Johns Island, S.C. Kyle Chase, Neil Chrisp and Chris Yeagle of The Kirkland Co. brokered the deal.
OC Community Commands $417K Per Unit
Avison Young represented the new owner, Cameron Properties, in the $9.2 million deal; the seller, Brandywine Properties, was represented by CBRE.
Greystar Expands Denver Holdings
The firm purchased Waterford Place, a garden-style community in Thorton, Colo., with plans to renovate the property’s units and common areas.