Deals
True North Sells 512-Bed TN Community
The property, which also landed new management, offers a mix of one- to four-bedroom student apartments near Middle Tennessee State University.
Marcus & Millichap Brokers Sale of MN Community
A limited liability company sold Mount Royal Manor for nearly $11 million. The mid-rise community is situated near the University of Minnesota Duluth campus.
Aztec Group Secures Sale of 27 KSF Fort Lauderdale Site
Broman and Uri Redler of Moderno Development exclusively engaged the company to sell the 27,000-square-foot site. Managing Director Peter Mekras arranged the transaction.
IPA Arranges $50M Multifamily Portfolio Sale
Situated in the eastern San Francisco Bay area, the 268-unit communities were purchased by Jackson Square Properties.
Trammell Crow, HQ Capital to Develop Inland Empire Apartments
The 211-unit, transit-oriented Alexan Montclair was designed by Architecture Design Collaborative and construction is expected to start immediately.
Castle Lanterra Sells $50M Chicago Community
The 424-unit Midpointe underwent extensive upgrades to both the interiors and exteriors, including the addition of a resident lounge and fitness center created from underutilized storage space.
Chestnut Hill Sells 17-Unit Cambridge Community
Situated within walking distance of Harvard University and the Massachusetts Institute of Technology, the multifamily property traded for $11.9 million.
Hines to Enter Italy’s Student Housing Market
The company plans to develop a student housing community that will offer 600 beds, including micro-housing units, located near Bocconi University.
Marcus & Millichap Arranges Sale of 3 CO Assets
The properties in the transaction include Elm Grove and Shadow Tree—which the buyer plans to renovate—as well as Fitzsimons Place, all located in Aurora, Colo.
CBRE Brokers Sale of 144-Unit SC Community
Beacon Ridge in Greenville traded for $14.6 million. Represented by CBRE’s Kevin Kempf, Parker Yates, David Lansbury and Phil Brosseau, Grubb Properties sold the asset to PRG Real Estate.