Deals
Olympus Grows Southeast Footprint with GA Purchase
The asset is located in the highly sought-after Savannah Quarters submarket, offering access to retail, shopping and dining, as well as proximity to employers to employers such as Gulfstream Aerospace Corp..
Gelt Launches Happy Home Communities, Names Director
Ellie Davis will spearhead the new business venture. HHC has already made its first value-added acquisition, a nine-acre mobile home park in Bakersfield, Calif.
Cousins Continues $300M Disposition Plan with Atlanta Sale
The company teamed up with Gables Residential to acquire Emory Point I and II, which they now sold for $199 million. The 750-unit community also includes 125,000 square feet of first-floor retail space.
ARA Newmark Secures $92M Denver-Area Portfolio Sale
Earlier this year, the 144-unit Villas at Holly sold for $26.3 million to Triumph Properties Group. The 312-unit Villas at Homestead traded as well, for $65.4 million. Both properties are located near the Denver Tech Center.
Passco Shells Out $54M for Florida Community
The buyer worked with a mortgage group to secure a 10-year acquisition financing for the deal.
29th Street Capital Buys Vegas Apartments
The company, which has purchased 15 multifamily properties over the past 12 months, also revealed plans to implement a $1.9 million capital improvement program to refurbish unit interiors, enhance the asset’s exterior and upgrade the amenity package.
Marcus & Millichap Leads Sale of Dupont Apartments
The four-unit property sold for $2.3 million to a Washington, D.C., condo developer. Marcus & Millichap represented the seller, a private investor.
NC Community Changes Hands for $21M
Represented by Colliers International, CORE Realty Holdings Management sold the 483-unit Hidden Lakes Apartments to Living Well Homes. Built in 1974, the property provides a value-add opportunity for the buyer.
Bascom Group Buys South Bay Community
The company plans to revitalize the 64-unit infill community in Torrance, Calif. This is the firm’s 37th multifamily property in Los Angeles County.
Arlington Community Changes Hands
A Dallas-based limited-liability corporation has acquired Garden Park Apartments, a 252-unit property in the Texas city from a California-based investor.