Deals
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.
Top 10 Denver Submarkets by Sales Volume
With transactions closed in the top 10 submarkets alone having generated more than $4 billion in sales volume, the city emerges as one of the most attractive areas for multifamily investors in the nation.
Inland Nabs Denver-Area Community
The property, which sold for more than $50 million, contains 322 units and is located approximately 10 miles from downtown Denver.
Kidder Mathews Arranges Sale of San Diego Community
Built in 1989, 204 Clark St. is a 20-unit, 17,578-square-foot community with one- and two-bedroom apartments. The off-market transaction property offers easy access to both East Washington Avenue and North Broadway.
Pollack Shores Sells ATL Property for $26M
The luxury community is situated in a high barrier submarket, which has seen a very low rate of new construction in the last 15 years.