Deals
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.
Phoenix Condo Project Site Trades for $1.6M
ABI Multifamily facilitated the land sale, which includes the planned development of a three-story, 16-unit luxury community called Aeries Townhomes.
Carroll Organization Closes Sale of 180-Unit FL Asset
The 180-unit ARIUM San Remo features two- and three-bedroom townhomes ranging from 1,141 to 1,517 square feet. The company acquired the property in April 2014 as part of its Carroll Multifamily Real Estate Fund III LP.
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.