Deals
Top 10 Multifamily Buyers in the Mid-Atlantic
Investment activity in the region was high last year, recording more than $6 billion in transaction volume, with names such as Morgan Properties and Pantzer Properties leading the way.
Townsend Group Secures 2 in Atlanta Suburb
The company acquired ARIUM Kennesaw and ARIUM Kennesaw Villas, totaling 524 units. Carroll Organization purchased the properties in 2015 as part of Carroll Multifamily Real Estate Fund III LP.
JV Buys 432-Bed TX Community
Campus First Student Living and CF Real Estate Services are planning major renovations at the 120-unit student housing community, including upgrading the fitness center equipment and adding private study areas, an outdoor kitchen and other landscaping improvements.
Ft. Lauderdale Class A Asset Trades for $53M
Urban Street Development and Fazio Properties recently completed 191-unit luxury community, which is in the city’s urban core. The property was 95 percent leased at the time of the sale.
Aimco Acquires $160M VA Community
Bent Tree is located in Fairfax County, 25 miles west of downtown Washington, D.C. The property features 758 one-, two- and three-bedroom units.
TMG Brokers Sale of OC Community
The Landing, a 52-unit community in Newport Beach, Calif. changed hands for $18.5 million or $355,769 per unit. The Mogharebi Group worked on behalf of both parties.
San Francisco Condo Development Site Trades for Nearly $30M
The new owner plans to develop a tower containing 220 condominium units above approximately 7,000 square feet of street retail.
Cypress Real Estate Buys Development Site in TX
The company purchased the 3.8-acre site in Dallas, for the development of a four-story apartment community. Transwestern represented the seller and the buyer.
Lee & Associates Arranges SoCal Sale
In a tax-deferred transaction, SOMA Realty sold a 16-unit multifamily asset in Pasadena, Calif. Principal George Yessaie represented the buyer.
Bluerock Sells San Antonio Apartments via 1031 Exchange
A division of the firm purchased the 320-unit Class A community, which is located within The Dominion Country Club, last October.