Deals
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.
Houston Garden-Style Community Trades Ownership
The 229-unit community is located in the Katy/Cinco Ranch/Waterside submarket in southwest Houston and offers units ranging from 620 to 1,326 square feet.
WWC Completes Phoenix-Area Acquisition
The $17 million transaction represents the company’s 39th acquisition. The company invested more than $210 million in multifamily assets last year.
Buchanan Acquires $60M CO Property
The firm purchased the 240-unit Luna Bella in the Denver submarket of Lafayette. ARA Newmark represented the seller, Milestone Apartment Developers, in the transaction.
Berkadia Secures Loan for $97M Florida Buy
Robbins Electra sold the 542-unit property to Advenir. Freddie Mac originated the $80 million value-add, three-year loan.
Tempe Community Trades for $7M
ABI Multifamily has brokered the sale of the 56-unit Arizona asset. The transaction was subject to a $4.5 million, 10-year loan provided by Opus Bank.
Umbrella Properties Snags $53M Phoenix Community
CBRE Multifamily Institutional Properties represented the seller, PrivatePortfolio Group, in its disposition of the 328-unit Aldea at Estrella Falls in Goodyear, Ariz.