Deals
Hunt Obtains $23M Financing for VA and MD Assets
The company provided an acquisition loan for the 176-unit Trellis at Lee’s Mill Apartments in Newport News, Va., as well as a refinancing loan for the 162–unit Hickory Hill Apartments in Frederick, Md.
HFF Brokers AZ Senior Community Sale
The Heritage Tradition is a 330-unit senior housing community, located 24 miles northwest of downtown Phoenix, in Sun City West, Ariz.
Security Properties Snags $81M OR Community
In a joint venture with Cigna Investment Management, the company purchased Arbor Heights, a 348-unit Class A garden-style community. This purchase marks the partners’ fourth acquisition.
ROSS Acquires 210-Unit MD Community
Located in Towson, Md., Versailles Apartments features a car wash, 24-hour emergency maintenance and a playground.
Henley USA Acquires Queens Apartments for $23M
The company plans to renovate the 56-unit property in Jackson Heights, including upgrades to the heating systems and updating common areas.
JLL Facilitates Sale of Texas Community Built in the 60s
The 44-unit community, located off Loop 1604 near Interstate 35 in northwest San Antonio, is a solid investment due to its value-add profile.
San Antonio Asset Trades in Off-Market Deal
Avistar at Chase Hill is an asset built in 1978, minutes from the University of Texas at San Antonio, with significant value-add opportunities.
Tucson Communities Trade for $45M
The two apartment communities are adjacent to each other, on West Aerie Drive, near Interstate 10. The immediate area boasts a plethora of shopping and dining options.
ABI Brokers $3M Phoenix Sale
Wilshire Place underwent full renovations prior to the transaction, which included interior and exterior improvements. The community is situated near public transportation and schools.
BSR Trust Grabs 474-Unit Dallas Property
Invesco Real Estate sold Windhaven Park Apartments in Plano, Texas, and JLL arranged the acquisition financing on behalf of the new owner.