Deals
CBRE Closes Sale of Garden-Style MA Community
After the expiration of the original affordable restrictions, the 102-unit community in Stoughton, Mass.,underwent significant renovations, including landscaping and parking improvements.
Berkadia Arranges Fannie Mae Loan for Houston Community
Located at 10498 Fountain Lake Drive in Stafford, Texas, the property is a three-story garden-style community spread across a 13-acre site.
JV to Invest $550M in National Portfolio
Cortland Partners, Canada Pension Plan Investment Board and GIC plan to acquire and renovate 8,000 to 10,000 Class B multifamily units across the U.S.
Southeast FL Affordable Community Fetches $16M
The CBRE team of Senior Vice Presidents Timothy Flint and Richard Tarquinio worked on behalf of the seller in the transaction.
Fairfield Residential Sells 133-Unit Boston Asset
CBRE facilitated the sale of Baker Chocolate Factory Apartments, a three-building property converted for residential use in the 1980s.
PAC Buys Apartment Community in Jacksonville
The newly-acquired community is adjacent to another one owned by PAC, bringing the company’s current area footprint to more than 500 units, while also creating operational efficiencies.
HFF Secures $165M Refi for 2 San Diego Communities
The assets are part of Sunroad Enterprises’ 40-acre, master-planned community, which will include 1,622 multifamily units and 856,000 square feet of commercial space upon completion.
Camden Snags St. Petersburg Community
The company acquired the newly constructed property for approximately $127 million. Previously known as Aer Luxury Apartments, the asset will be rebranded as Camden Pier District.
St. Petersburg Community Sells for $46M
The 481-unit community traded to a New York-based buyer. The sale price equates to $96,000 per unit. IPA arranged the sale on behalf of the seller and procured the buyer.
Manhattan Conversion Project Lands $130M
Eastern Consolidated arranged the construction loan on behalf of Delshah Capital for its adaptive reuse project, which will transform a medical facility into a luxury community in Morningside Heights.