Deals
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.
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.