Deals
JV Invests $23M in Boston-Area Community
Blackfin Real Estate Investors and True North Management Group purchased The Bixby in Haverhill, Mass. The property’s previous owners recently completed renovations.
WWC Enters San Antonio Market
Western Wealth Capital has acquired two communities totaling 480 units. Both properties, Brynwood and Sereno Park, have significant value-add opportunities.
Transwestern Secures $23M Sale of 2 Denver Assets
The company worked on behalf of the sellers—29th Street Management LLC and Bayo Vista LP. Village West traded for $10.8 million and The Village Apartments was sold for $12.4 million.
Phoenix Asset Changes Hands for $40M
Mountain Park is located in Ahwatukee Foothills, offering residents job opportunities along the West Chandler employment corridor.
LA Community Sells for $16M
Transwestern brokered the sale on behalf of the seller, a private investor and also represented the buyer, Winstar Properties Inc., in the off-market transaction.
Electra America Snags 6th San Antonio Community
The company has purchased the 366-unit Firewheel Apartments, located in the North Hampton neighborhood. Berkadia’s South Florida team arranged the financing.
Lee & Associates Closes $7M Sale in Phoenix
Two apartment communities located in northern Phoenix traded among private investors. The properties comprise 44 units.
Partnership Brokers $11M Sale of 2 Chicago Affordable Properties
Habitat Co. purchased the 167-unit portfolio from Renaissance Cos. Kiser Group Director Michael D’Agostino and AHIB Managing Director Kyle Shoemaker closed the deal.
Berkadia Arranges $22M for SoCal Community
The company secured a seven-year Freddie Mac acquisition loan for Interstate Equities Corp.’s purchase of the 133-unit Verse La Mesa in La Mesa, Calif.
Gebroe-Hammer Closes $89M Sales in Suburban Philly
The company brokered three transactions of properties located in three different counties in the South Jersey market. The apartment communities comprise 896 units.