Deals
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.
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.