Deals
SF Bay Community Changes Hands
HFF brokered the sale of Atlantic Apartments, a 186-unit value-add, garden-style community in Alameda, Calif., on behalf of the buyer.
Eastside Station Changes Hands in Off-Market Deal
Atlanta-based Pollack Shores bought a new 330-unit community in East Austin. The partially affordable development is conveniently located within walking distance of the medical district as well as Google and Facebook’s new downtown offices.
Berkadia Brokers Sale of 2 FL Properties for $48M
The two properties include Twenty 35, a 200-unit property in Safety Harbor and The Park at Windsor, a 224-unit community in Northeast Tampa.
Lexington Homes Begins Sales at Chicago Community
Lexington Heritage in Arlington Heights, Ill., offers 48 homes in two styles, the Mews Collection of three-level rowhomes and the Club Collection of two-story townhomes.
JV Buys Stake in 632-Unit Asset
Rockpoint Group and The Brooksville Co. acquired Avalon Run East in Lawrence Township, N.J., from AvalonBay Communities.
Greystone Arranges $110M for Senior Portfolio Sale
New Senior Investment Group sold 1,140-units comprising nine communities in the Florida Peninsula. Meridian Senior Living will manage the properties.
Lee & Associates Brokers $21M Phoenix Transaction
Biltmore Pointe Apartments includes 101 units and was built in two phases in 1959 and 1972. The new owner intends to add value to the investment through a substantial renovation.
S2 Capital Buys 2 Houston Communities
S2 Capital acquired Avalon at Royal Oaks and Village at Uvalde from One Real Estate Investment. The two properties, totaling 882 units, traded for more than $60 million.
CBC Brokers Sale of 3 Historic SLC Communities
Multifamily investors continue to show interest and confidence in the area’s apartment market. Strong demand resulted in multiple offers for all three assets.
Meridian Sells Brooklyn Community for $18M
The firm sold the 60-unit, post-war building to S. Antonio Realty. The average unit size is 1,050 square feet.