Deals
IPA Arranges Record-Breaking Sale of CA Community
The 192-unit Via Ventura changed hands for $74 million, the highest price per unit for a multifamily property in Ventura, Calif.
Stellar Management Expands NYC Portfolio
The firm acquired a 42-unit building in Hamilton Heights, making it the owner of 37 percent of the residential properties along a five-block stretch of Broadway.
Dougherty Delivers Dallas Loan
Short-term bridge financing aided the purchase of Rosemont at Timber Creek, a 2002-built, 100-unit community that will be rebranded Beckley Townhomes.
Cortland Partners Nabs Orlando Property for $59M
Situated in one of the city’s fastest-growing submarkets, the 288-unit asset is LEED-certified and was recently rebranded.
Atlanta Community Changes Hands for $19M
Berkadia brokered the sale of Azalea Ridge, a 281-unit property, and secured a $14.3 million acquisition loan through Freddie Mac.
American Landmark Buys 586-Unit Atlanta Community
Berkadia arranged financing on behalf of the company for its acquisition of Madison at River Sound, located in the Lawrenceville submarket.
Campus First Grabs FL Student Community
The recently opened Class A property, located within one mile of University of Florida and numerous retail options, traded for $43.9 million.
Levin Johnston Brokers Sale of 2-Property Portfolio
Belview Heights and Casa Belview in Belmont, Calif., traded for approximately $27 million. The firm represented both parties in the transaction.
Phoenix Realty Acquires $28M Tampa Asset
Tuscany Villas Apartments in Brandon, Fla., will be rebranded as Alvista Sterling Palms. The company has plans to make significant exterior and interior upgrades to the property.
CBRE Facilitates Sale of 540-Unit KY Community
Shamrock Communities sold Mallgate of St. Matthews to Sundance Bay for $42.5 million. CBRE’s Steve LaMotte, Dane Wilson, Bryan Flaherty and Eric Nelson represented the seller.