Deals
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.
Berkadia Arranges $157M Loan for CA Properties
The company worked on behalf of Realty Center Management, which used the Fannie Mae loan to refinance existing debt on four assets.
$277M MD Portfolio Changes Hands
The four-asset NOAH portfolio brings Morgan Properties’ total multifamily investments to $1.2 billion and more than 8,600 units during the past year.
LaSalle Investment Management Buys CO Community
The 20-building property was 93.1 percent occupied as of October. The community is close to major employment centers such as Denver tech Center and Lucent Business Park.
Blaze Partners, Bailard Snap Up Atlanta Apartments
LIV Development completed 1760 Apartment Homes in Lawrenceville, Ga., earlier this year. The community includes 239 units and amenities such as a cyber cafe with a coffee bar and a Cross Fit training area.
Student Housing Trades near Indiana University in Bloomington
The 333-bed student community is conveniently located less than a half-mile from the Indiana University Bloomington campus. At the time of the transaction, it was 100 percent occupied.
RedHill Realty Acquires Phoenix Asset for $25M
The company plans to continue the renovation process initiated by the previous owner, Stratford Partners, which was represented in the transaction by Institutional Property Advisors.