Deals
Greystone Trades SD Affordable Housing Community
The company closed on the sale of Brentwood Apartments in Sioux Falls. The asset is a LIHTC property built in 1973 and renovated in 2002.
Monument Capital Management Nabs Tucson Community
The newly acquired asset will add 272 units to the company’s portfolio. The new owner is planning to implement value-add improvements.
Nitya Capital Acquires Vintage Community in Westchase District
The transaction increases Nitya Capital’s Texas portfolio to more than 9,000 units and $710 million worth of assets under management.
Berkadia Closes Largest San Diego Apartment Transaction
American Assets Trust acquired Pacific Ridge, a $232 million luxury community that includes 533 units and is 95 percent occupied.
Nebraska Community Trades for $10M
Marcus & Millichap facilitated the disposition of Continental Gardens, a 150-unit property in the center of Grand Island’s major retail and business corridor.
QuadReal Invests $600M in Student Housing JV
QuadReal invested $600 million of equity into a partnership with CA Student Living (CASL) and GI Partners. The joint venture’s initial portfolio includes 10 geographically diversified properties, developed and managed by CASL, in 10 major university markets across nine states.
Lantower Residential Acquires NXNE in North Austin
North by Northeast is a 375-unit community built in Austin’s Tech Ridge submarket. Major tech companies such as Dell, Apple, IBM and Samsung have set up offices in the area.
LA’s First Automated Parking Garage Community Changes Hands
Lee & Associates represented both the buyer and the seller of the eight-unit property which was fully occupied at the time of the transaction.
Summit Equity Investments Nabs First Indianapolis Property
Tikijian Associates represented Westdale Real Estate Investment & Management in selling 314-unit Island Club Apartments to an affiliate of Summit Equity Investments Inc.
Wood Partners Sells Tampa-Area Community
Northland Investment Corp. paid $52.9 million for the newly constructed property. Located at 23700 Viento Drive, The Village at Terra Bella consists of 14 three-story buildings and an 11,000-square-foot clubhouse with sports lounge.