Deals
CA Senior Housing Sells for Record $16M
Parkwood at Polo Grounds has changed hands in a record sale for apartment communities in Indio, Calif. The age-restricted community features 125 units.
Champion Snaps Up 2 in Glendale
Champion Real Estate Co. acquired the 42-unit Princess Louise and 62-unit Windsor Real. The company has plans for a variety of upgrades to each of the properties.
Mogharebi Completes Sale of LA Community
Loma Vista Apartments, located in the Pacoima neighborhood of Los Angeles, changed hands for nearly $11 million. Mogharebi represented the seller and the buyer in the deal.
Old Adobe Management Sells $26M CA Community
Acting on behalf of the seller, Levin Johnston brokered the record-breaking price-per-unit sale of Velocity at Lawrence Station, which commanded $465,250 per apartment.
Capstone Expands TX Footprint
The 10th-largest affordable housing management company added more than 800 apartment units to its portfolio, extending its reach to nearly 80 cities.
The Praedium Group Acquires TX Community
Located in the Dallas-Fort Worth suburb of Grapevine, the 291-unit Terrawood comprises one- to three-bedroom apartments and amenities such as a salt water pool and glass-encased conference center.
Collier Cos. Sells Tampa Bay Community for $30M
Marcus & Millichap worked on behalf of the seller in the disposition of Lakeside Apartment Homes, a 228-unit asset in Brandon, Fla.
Lighthouse Grabs $13M Nashville Community
The 14-building property sits within five miles of downtown and offers a range of one-, two- and three-bedroom units. SVN | AVAT Realty Senior Advisor Andrew Agee brokered the deal.
American, British Firms Partner to Develop Student Housing
Harrison Street Real Estate Capital and Crossland Property Group will develop four projects totaling 1,267 beds in regional U.K. university cities.
HFF Closes $20M Sale of Delaware Portfolio
The adjacent Alder Park and Pine Grove apartment communities in Dover, Del., are located roughly 83 miles from central Philadelphia and comprise a total of 311 units.