Deals
RADCO Picks Up 7th SC Asset for $23M
RADCO plans to invest $3 million to renovate Radius at West Ashley, a 198-unit Charleston asset previously owned by Raia Properties.
Greystone Scores $36M for DE Deal
The company worked with Fannie Mae and New York Mortgage Trust Inc. to secure financing for Concordia Properties, which purchased Autumn Park, a 360-unit community.
CBRE Brokers Sale of $56M Portland Community
The company represented the seller in the $56 million transaction of a 50-building community, Witham Hill Oaks Apartments, which was built in three phases, between 1968 and 1998.
Cush & Wake Secures $22M NC Community Sale
PRG Real Estate sold the 15 two-story buildings to Dasmen Residential. The community last traded in 2012, when PRG Real Estate purchased it for $13.6 million.
Passco Trades Remaining Interest in KS Property for $48M
The company sold The Village at Lionsgate, a 360-unit community in the Kansas City MSA. Mac Crowther, vice chairman at ARA Newmark’s Kansas City office, represented both parties in this transaction.
Cush & Wake Closes Sonoma County Residential Development Sale
Blackpoint Management nabbed a fully entitled site approved for 90 units in Rohnert Park, Calif. Cushman & Wakefield advised Aldridge Development on the $3.6 million sale.
Taurus Snags $34M Raleigh Community
Acquired from Chaucer Creek Capital, the 23-year-old property in the city’s Northwest submarket is slated for a major makeover.
Pathfinder Expands Portland-Area Footprint with Sixth Acquisition
The company purchased The Habitat, an 85-unit community previously owned by Fowler Property Acquisitions. Cody Hagerman and Greg Fink of Portland-based HFO Investment Real Estate brokered the $15 million transaction.
Tucson Community Trades for $38M
ROC Senior Living acquired Mission Palms from Stoneweg US. The property’s value rose by 46 percent since the last time it traded in 2013.
Taurus Lands First NC Property for $34M
The investment firm purchased Olde Raleigh, a 228-unit community in Raleigh, N.C. Chaucer Creek Capital sold the asset after four years of ownership.