Deals
Waypoint Campus Housing Acquires $102M Portfolio
Waypoint Residential recently launched a student housing arm with the purchase of four off-campus properties near state universities in Texas, North Carolina and Nevada.
Benchmark Senior Living Expands Massachusetts Portfolio
With Cushman & Wakefield representing the seller, an institutional investor, the buyer, a Waltham, Mass.-based senior living company, acquired New Pond Village in suburban Boston.
Ginkgo Residential Lands 201-Unit NC Community
House Co. sold Willowdaile Apartments in Durham for $11.8 million. The property is only a few miles from Duke University’s campus.
CIM Expands Chicago Portfolio With 2 Acquisitions
The buildings at Wicker Park offer 96 residential units, 23,000 square feet of street-level retail space and 17,400 square feet of creative office space.
Inland Nabs Suburban Chicago Community
The Commons at Town Center, a six-story, 85-unit multifamily property in Vernon Hills, Ill., was built in 2010 and boasts a 96 percent occupancy.
AdCare Buys $6M Alabama Assisted Living Facility
The 106-bed property was leased to an affiliate of C. Ross Management. This is AdCare’s first acquisition since it transitioned to a property holding and leasing company.
Stepp Commercial Closes Sale of Long Beach Property
The community traded at a 3.8 percent cap rate and a price per unit of nearly $456,000, a record high for the Belmont Shore area in California.
Meridian Lands $20M Loan for Chicago Asset
Meridian secured a bridge loan for the acquisition of Ivy Park Homes, a rental townhome community in the South Side neighborhood.
Bellwether Closes First Equity Financing for $199M Deal
The mortgage banking firm arranged joint-venture equity financing on behalf of John M. Corcoran & Co. for the purchase of Windsor Garden Apartments, a 914-unit community in Norwood, Mass.