Deals
Stepp Facilitates Record-Breaking LA Sale
The sale of Atwater Avenue Apartments achieved the highest price per unit and price per square foot ever paid for comparable properties in LA submarket Atwater Village.
CBRE Facilitates Sale of North Houston Community
Casa Verde Apartments, a 44-year-old, garden-style community, located in north Houston, has been undergoing renovations for the past two years.
Miami Community Commands $37M
Evan Kristol and Felipe Echarte of Marcus and Millichap’s investment team worked on behalf of the private seller to procure the buyer, Blue Rock Partners, for the transaction.
ABI Multifamily Brokers $2M Sale in Phoenix
Pierson Palms Apartments traded hands between private investors from California and Arizona. ABI Multifamily represented both parties in the $2.22 million transaction.
JV Sells Downtown Santa Monica Mixed-Use Asset
The Marcus & Millichap division represented Century West Partners and BlackRock Realty Advisors Inc., and also procured the buyer. Chelsea Santa Monica includes 53 units and almost 6,000 square feet of retail space.
Greystone Closes $77M Transaction for SC Portfolio
The initiative recapitalizes and preserves the affordability of 18 communities. All the 762 units are restricted to low-income households and will undergo renovations to improve the exteriors and interiors.
Capital One Secures $551M for Sentio REIT Buyout
The company provided two loans, a $251 million bridge loan and a $300 million Freddie Mac senior housing revolving credit facility.
Hollywood Apartment Community Trades for $11M
NNC Apartment Ventures expanded its California portfolio with value-add 42-unit residential property. The asset is located near popular destinations.
Roxborough Acquires First Phoenix Community
The 168-unit property is located in the Paradise Valley submarket, adjacent to the Paradise Valley Mall. The company tapped Alliance Residential Co. as a third-party manager.
Michaelson Acquires Dallas Apartments
Built in 1982, Chesapeake Apartments includes 126 units and features four floorplans. Currently the property is 98-percent occupied.