Deals
29th Street Capital Nabs 10th Phoenix Asset
The company plans to significantly update and renovate the 25-building community following the sale’s close.
Aeon to Develop New Affordable Housing in Twin Cities
The nonprofit plans to build Greenway Terrace Apartments, a 54-unit community in Ramsey, Minn. The grand opening is expected in late 2018.
Transactions: December 2017
The following is a list of transactions that were announced between Sept. 29 and Oct. 26, 2017.
CBRE Arranges Sale of AL Student Housing Community
University Partners bought the 353,256-square-foot community for an undisclosed price. The 900-bed property features two-, three, and four-bedroom garden-style apartment units.
Walker & Dunlop Closes $33M Refi
The Freddie Mac Green Up funds were used for the acquisition of The Place at Castle Hills, a 680-unit garden-style community located in the Hill Country Village submarket of San Antonio.
NAPA Ventures Sells San Antonio Asset
The company sold Morgan Manor, a 157-unit property located in San Antonio’s Oak Hills Country Club submarket, to Sylis Real Estate.
HGI Acquires $1.8B Portfolio
Comprising 9,677 units across 25 communities, the properties are located in Philadelphia, Chicago, Baltimore, Boston and metro Washington, D.C. The company purchased the portfolio from Lone Star Funds.
Tampa’s 10 Biggest Multifamily Deals in 2017
As Tampa’s apartment market is going strong and investors show strong interest in the market, Yardi Matrix rounded up the 10 biggest deals of the year.
Former Durham Hotel to Become 342-Unit Community
Alliance Residential purchased Crown Park Hotel, the company’s first asset in the Triangle. Karl Hudson with Foundry Commercial represented the buyer in this $10.5 million transaction.
Waypoint Acquires Asset Near Chicago
KIG CRE arranged the sale of Two Itasca Place, a 70-unit property located in Itasca, Ill. The asset is one of Waypoint’s first acquisitions in the Midwest.