Deals
VA Community Trades for $8M
Built in 1981, Maple Ridge Apartments is located in Lynchburg, Va. and features 152 units. The asset was purchased by Aria Legacy Group.
Hunt Mortgage Finances Acquisition of 202-Unit OH Property
Hamilton Real Estate Capital will use the $7.6 million Fannie Mae loan to purchase Sutton Square Apartments, a 29-building community in southeast Columbus.
GA Community Lands $48M in Refinancing
Overlook at Gwinnett Stadium is located seven miles from downtown Lawrenceville. Residents have a private walkway to neighboring Coolray Field.
Avesta Enters AZ Market With $58M Acquisition
Coronado Crossing is well situated along the Price Corridor, one of Chandler’s fastest-growing areas. The company plans an extensive renovation of the property.
Jevan Buys Phoenix Community for $15M
Jevan Capital now owns 18 properties across multiple metros, seven of which are in Phoenix. La Mirada will be rebranded and completely renovated.
Miami Worldcenter Lands Additional Financing
The loan will be used to finance a portion of the project’s high street retail promenade as well as one of the primary parking garages.
Hamilton Zanze Nabs CO Community
The apartment community, containing more than 300,000 square feet across 364 units, sits near Interstate 25 on the north end of Colorado Springs.
Starwood to Buy $600M FL Affordable Housing Portfolio
The company plans to acquire some 6,185 units through this deal. Due to timing of regulatory approvals and the assumption of in-place financing, the transaction is expected to close in phases.
Luxury Boutique Manhattan Property Lands $50M
Aview Equities’ 23-unit community underwent a multimillion-dollar revitalization in 2013, including complete renovation of the residential units, the repositioning of the retail space and upgrades to the common areas and building systems.
CBRE Arranges Portland Community Sale
Graham Taylor represented the seller, Kehoe Northwest Properties, in the $25.5 million transaction. The buyer plans to invest $1 million for common amenities upgrades.