Deals
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.
South Street Capital JV Buys IN Student Housing Portfolio
The 290-bed portfolio consists of five adjacent buildings near Purdue University. The communities are close to major locations including Chauney Mall, West Lafayette Public Library and Northwestern Avenue.
Suburban LA Community Sells for $20M
Marcus and Millichap brokered the sale of Villa Hermosa Apartments in Norwalk, Calif. The sale marks the largest non-institutional multifamily transaction in the suburban city.