Deals
Northwest Properties Snags 216-Unit Houston Community
Seneca Investments sold Stoneleigh on Spring Cypress, an 11-building market-rate multifamily property in Spring, Texas, to Hayden Properties.
JV Invests $1B in Student Housing Portfolio
The 24 assets, purchased by Scion Student Communities, span 20 university markets and total 13,666 beds. Twenty-two of the properties were acquired from Harrison Street Real Estate Capital.
JV Buys 1,700-Bed Student Housing Community
FM Capital in conjunction with Gottlieb Family Partners and AMAC Holdings acquired a 600-unit student housing community in Greenville, N.C. The joint venture plans to upgrade the property.
Fogelman, Thackeray Acquire Atlanta Asset
The fifth collaboration between the two companies since 2015 brings their total investment volume to more than $150 million. The community in Alpharetta, Ga., will be renamed and renovated by the new owners.
Berkadia Arranges Sale of 248-Unit Community
The property is located near Huebner Oaks shopping center, the University Health System and Methodist Hospital, and a short drive from McDermott Freeway and Connally Loop.
Texas Investor Buys Albuquerque Community
The 456-unit community has access to several major employers, including one of six Facebook data centers currently under construction south of Duke City.
DSF Group Acquires CT Asset
Built in 2004, the 246-unit community is located in Milford and was purchased for $50.5 million. The company plans to renovate and rebrand the property.
Jonathan Rose, Columbia to Complete $18M Atlanta Redevelopment
Plans include adding more ADA-accessible units, new gutters and roofing, and repaving walkways and roads, as well as adding amenities.
HFF Arranges NY Student Housing Sale
An HFF team including Jose Cruz, Andrew Scandalios, Kevin O’Hearn, Michael Oliver, Stephen Simonelli, Jordan Avanzato and Ryan McBride represented the seller in the transaction.
Alamo Heights Property Changes Hands
The deal brings Jevan’s multifamily portfolio to 18 properties, six of which are in San Antonio. The newly acquired community will be subjected to a significant renovation.