Deals
Citymark, InterCapital Go Shopping in Vegas
The two companies purchased Vintage Pointe, a 368-unit apartment community in Vegas’ Michael Way neighborhood, for $49.2 million.
CBRE Brokers Sale of 244-Unit Affordable VA Community
EBEX Holdings and FriedLam Partners purchased Ashton Heights in Roanoke. Jeff Kunitz and Alex Medeiros of CBRE Affordable Housing, together with Charles Wentworth and Peyton Cox of CBRE Richmond, arranged the sale.
Preiss Adds 2 Student Housing Communities in Charlotte
In partnership with a private investment group, the company purchased two student housing communities totaling 1,180 beds. The properties are serving students attending the University of North Carolina-Charlotte.
Marcus & Millichap Brokers Sale of 281 Units of Oakbrook Village
The property, located in Clearwater, Fla., comprises 296 units in total, of which 281 sold for $25.8 million, or $91,815 per unit.
Tampa Community Changes Hands for $58M
HFF marketed the 274-unit, luxury apartment asset on behalf of the seller, Pollack Shores Real Estate Group. The property traded free and clear of existing debt.
Harrison Street Snags German Student Housing Portfolio
The company purchased 1,000 units in cities throughout the country from MPC Capital AG, which will continue to manage the STAYTOO-branded properties.
Marcus & Millichap Partner Facilitates $16M Sale in MN
Mox Gunderson, Dan Linnell and Josh Talberg at Marcus & Millichap’s Minneapolis office, represented a local partnership in the sale of Tamarind Apartments, a 102-unit community in Saint Louis Park.
AvalonBay Sells New Haven Community for $33M
Inland Real Estate Acquisitions LLC will rebrand the newly purchased, 99-unit community in Shelton, Conn., to Huntington Townhomes.
IEC Buys OC Community for $134M
The acquisition of the 400-unit, value-add multifamily community was on behalf of IEC Institutional Fund III LP, a fully discretionary, $200 million commingled fund.
HFF Secures Financing for Houston Luxury Tower
Located at 2930 Kirby Drive, Hanover River Oaks is a to-be-built, 39-story, 370-unit luxury high-rise multifamily tower with approximately 10,000 square feet of ground-floor retail space.