Deals
Presidium, Partners Group Close $210M Recap
The two companies signed a $210 million recapitalization deal for a portfolio comprising eight assets, one of which is under construction.
IPA Arranges Sale of CT Mixed-Use Asset
Senior Managing Director Victor Nolletti worked together with First Vice President Eric Pentore in representing the seller, College Square, and procuring the buyer, Centurion Overseas.
Matthews Arranges Sale of CA Community
The company represented the seller in the $7.8 million sale. The two-story community is approximately 20 miles from the Los Angeles International Airport.
MG Properties Acquires 2 WA Assets for $133M
The company purchased Beaumont in Woodinville from Guardian Life Insurance Co. and Newberry Square in Lynwood from Fairfield Residential. Totaling 467 units, both communities will undergo interior and exterior renovations.
CBRE Secures Sale of 1,720-Bed Student Housing Portfolio
The four properties serve students attending the University of Wisconsin, Auburn University and Florida State University.
Starwood Capital Sells 432-Unit Orlando Community
CBRE arranged the sale of Winter Park Commons, a 428,432-square-foot property featuring three swimming pools and 850 covered parking spots.
NHI Acquires 3rd NC Assisted Living Community
The company bought the 32-unit community in Durham as part of a purchase option negotiated with its tenant, Navion Senior Solutions.
Greystone Provides $36M Loan for TX Community
Built in 2016, Parkside Place last traded in November, when Oden Hughes sold it for $48.5 million. The community was 96.1 percent occupied as of October.
Long Island Apartments Sell for $8M
Cushman & Wakefield represented the seller of three-story property, which was was built in 1959 and is located within walking distance of public transportation and retail options.
Steadfast REIT Invests $35M in Atlanta Community
Steadfast Apartment REIT III invested nearly $320 million in multifamily assets. The newly-acquired property will receive thorough interior and exterior renovations.