Deals
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.
CBRE Arranges $57M Financing for 837-Unit Portfolio
Bill Chiles, Scott Peterson and Brian Cruz of CBRE’s San Diego office worked on behalf of Strata Equity Group, which purchased three properties in North Carolina, South Carolina and Kentucky.
MIG Real Estate Buys Phoenix Community for $22M
Western Wealth Capital’s investors obtained an annualized return of more than 30 percent for the 216-unit Trails at Harris. The transaction represents the Canadian company’s 11th successful divestment to date.
HPI Sells Portfolio for $278M
The properties comprise 2,954 units across 11 communities in five states. A private investor purchased two of the Atlanta assets and a publicly traded REIT acquired the other nine properties.
Iconic Cleveland Building Changes Hands for $40M
Institutional Property Advisors, a division of Marcus & Millichap, brokered the sale of the 295-unit Statler Arms. Michael Barron, Joshua Wintermute and Daniel Burkons represented the buyer.