Deals
Decron Acquires Bay Area Property
The 220-unit multifamily property sold for nearly $90 million and features a mix of one- and two-bedroom apartments across four buildings.
LA Community Sells for $45M
IPA arranged the sale of Cielo Apartments, a Class A, 119-unit community in Chatsworth. Amenities include a clubhouse, fitness center and 208 parking spaces.
Freshwater Investments Nabs WA Asset
The property’s seven garden-style buildings, 20 miles from Seattle’s city center, contain a mix of one-, two- and three-bedroom apartments.
Advenir Acquires $97M South FL Community
Berkadia closed an $80 million Freddie Mac loan to fund both the acquisition and planned renovations of the 542-unit property.
Starlight Acquires 250-Unit Atlanta-Area Community
Landmark at Coventry Pointe, 95 percent occupied at the time of the transaction, has multiple large employers nearby, including the Gwinnett County Public School System, Publix and Walmart.
JV Acquires $50M CO Community
Completed in 1998, the 220-unit Bluffs at Castle Rock offers a mix of one- to three-bedroom units and is located roughly 30 miles from downtown Denver.
Cardone Capital Buys 507-Unit Houston Asset
Built in 1992, Woodway Square is a luxury community comprising 33 buildings. Its former owner—Fairfield Residential—will continue to manage the property.
JV Buys 198-Unit MD Asset
Spirit Investment Partners and The Bascom Group acquired Tribeca at Camp Spring, located in the Washington, D.C., metro area.
AndMark Increases AR Footprint
Trinity Multifamily will handle management of the company’s latest acquisitions, three apartment communities totaling more than 200 units across the state.
BBX Capital Sells FL Student Housing Asset
Serving students at Florida State University, the 82-unit luxury Tallahassee community encompasses 15 two-story buildings and was completed in 2008.