Deals
Pure Expands TX Portfolio With $66M Acquisition
Alliance Residential sold Farmers Market Apartments, a 340-unit community in Dallas. The new owner plans to rebrand the property as PURE Farmers Market.
Berkadia Completes $35M Sale in SoCal
Metro 102 Apartments, an affordable apartment community in Ontario recently changed hands for $35 million. The purchase was capitalized primarily with foreign investment money.
Citymark Acquires 274-Unit Phoenix Asset
West Town Court is located near numerous employers, retail establishments and entertainment centers. Built in 2009, the community comprises one-, two- and three-bedroom residences.
McDowell Acquires DC-Area Apartment Community
CBRE brokered the sale of Carmel Alexandria, a Class A apartment community in Alexandria, Va. The property is situated near interstates 395 and 495, with downtown Washington, D.C. only 10 minutes away.
SC Community Changes Hands for $16M
Brian Ford, Alex McDermott, Austin Green and Ron Corrao from Capstone’s Charlotte office brokered the sale of Southern Pines, a 352-unit community in Spartanburg. Capstone worked on behalf of the seller, Bowman Investment Group.
Colliers Facilitates FL Affordable Housing Deal
Colliers Senior Vice President Kevin Morris and Senior Broker Associate Michael Lewin worked on behalf of 1031 exchange buyer Steve Schneider. Palm Lakes Trailer Park, a 120-unit mobile home property in Miami, traded for $6.3 million.
Marina Arts District Grows With $100M Development
Dubbed G8, the project will be one of the area’s largest multifamily communities. California Landmark Group’s development is located in a former Marina del Rey industrial zone and is scheduled for 2019 completion.
Berkshire Group Expands its LA Portfolio
The company has purchased its third asset in Los Angeles. The property located in the Koreatown neighborhood has been renamed as Berkshire K2LA.
Trion Properties Expands its Footprint in Fremont
Americana Apartments changed hands for the first time since its construction in 1966. The buyer will rebrand the asset as Parc 88.
BRT Buys Dallas $39M TX Community
The company purchased Gateway Oaks in Forney, Texas. The 313-unit community offers one-, two- and three-bedroom units ranging from 564 to 1,410 square feet.