Deals
Blackmount Picks Up Suburban Atlanta Community
The transaction marks Blackmount Real Estate Partners’ first acquisition in the Atlanta metro area. CBRE worked on behalf of the seller.
Covenant Grabs Atlanta Multifamily Portfolio
CBRE Vice Chairman Kevin Geiger worked on behalf of the sellers in the transaction, a joint venture partnership between The Family Office and Titan Real Estate Investment Group.
Beacon Communities Buys NDC, $250M Portfolio
The residential development company now owns National Development Corp. and its 59 properties, most of which are affordable communities. The portfolio is valued at more than $250 million and expands Beacon’s portfolio to 14 states.
Apartment Community in Portland Area Trades for $11M
An apartment community in Longview, Wash., changed hands between private investors in a $10.6 million deal arranged by Marcus & Millichap.
Passco Makes 2nd DC Purchase for $113M
The 360-unit luxury community in Alexandria, Va., is strategically located at the Huntington Metro Station and had a 92 percent occupancy rate at the time of the transaction.
Castle Lanterra Expands Denver Portfolio
The 44-year-old Mountain Vista Apartments marks the company’s second acquisition in the market. Eighty-five percent of the 257 units have been updated.
Berkadia Closes Leasehold Sale of OC Community
Bridge Investment Group sold Coronado Palms, a 168-unit garden-style community in Anaheim, Calif., to Canyon Multifamily Impact Fund.
American Campus Nabs $561M Student Housing Portfolio
The seven-property portfolio includes two existing communities, two communities slated to open this fall and three projects scheduled for delivery in Fall 2018.
San Jose Mixed-Use Tower Changes Hands
HFF worked on behalf of the seller, Capri Capital Partners, to market 360 Residences, a high-rise with 213 units and ground-floor retail space.
CA Property Sold for $74M
The 163-unit mixed-use asset in Monrovia marks Sequoia Equities’ second California purchase this month. The company plans to update the community’s offerings by investing $1.4 million in an interior renovation.