Deals
Interra Closes on Chicago Multifamily Deal
The 43-unit property located in Rogers Park changed hands for $3.9 million. In addition to the residential units, the building offers 1,200 square feet of office space.
Aspen Heights Invests in Student Housing
The student housing portfolio encompasses more than 3,000 beds across the country. Aspen’s Demi Sterling-Kinney will oversee the third-party property management division.
Kidder Mathews Arranges San Diego Community Sale
Landon Family Trust purchased the five-unit property in Ocean Beach for $1.6 million from The Frederick W. and Leone P. Jackson Trust.
Shorenstein Nabs Manhattan Luxury Community for $57M
HFF brokered the sale and arranged $31 million in financing for the 54-unit, recently renovated apartment building located in Manhattan’s East Village neighborhood.
Freshwater Investments Acquires Seattle Community
The Stinson Apartment Homes sold for $16.8 million. The community last traded in 2015, when Fowler Property Acquisitions purchased the asset for $10.6 million.
South Phoenix Community Changes Hands for $12M
Cushman and Wakefield brokered the sale of La Reserve on 45th, a 301-unit property in the Maryvale neighborhood. A joint-venture purchased the asset from CEG Operating Partners.
Balfour Beatty Snags Suburban Atlanta Assets
The Evergreen portfolio consists of three gated communities that will undergo a series of capital improvements, including exterior and interior upgrades.
Georgia Apartment Community Sells for $28M
Cushman & Wakefield’s Robert Stickel worked on behalf of the seller, H. Katz Capital Group Inc., in the disposition of the property.
Kiser Group Negotiates $12M Chicago Multifamily Deal
The sale of the 80-unit property marks the highest price per unit—$144,000—for a four plus one asset north of Irving Park Road.
Electra America Acquires 2nd NC Community
The 300-unit Raleigh property will be rebranded Level at 401 and undergo common-area, apartment renovations and upgrades.