Deals
Queens Apartment Building Up for Grabs
Cushman & Wakefield was chosen to market the sale of a fully occupied, 17-unit residential building in New York City’s most populated borough. The asset presents substantial upside potential.
Sagora Senior Living Sets Foot in Katy, TX
The senior housing operator acquired The Orchard Assisted Living & Memory Care, their first community in Katy, Texas. The property consists of 50 assisted living units and 40 memory care apartments.
Arrimus Announces Student Housing Acquisition, New Hire
The Class A property, located less than a block from the University of Houston, offers 654 beds within two five-story buildings and was named “Best Off-campus Apartments” property by the university’s students.
Orange County Community Trades for $17M
California Landmark Group bought the 86-unit property built in 1973 from a private investor. This is the company’s first Orange County acquisition.
PAC Lands 242-Unit Louisville Community
The company financed the acquisition by assuming a mortgage loan insured by the U.S. Department of Housing and Urban Development.
Greystone Closes $82M in Refinance, Acquisition Loans
The company secured two financing agreements under the Fannie Mae DUS Small Loan program for four multifamily properties in Long Island and Queens.
TruAmerica Buys Denver Community for $53M
The company partnered with Magnolia Real Estate Fund to acquire the 287-unit asset. The companies will implement a renovation plan which will include improvements to common, interior and outdoor areas.
Transactions: May 2017
The following is a list of transactions that were announced between Feb. 22 and March 28, 2017. To have your transaction featured, submit details to Mallory.bulman@cpe-mhn.com.
Bell Partners Nabs 306-Unit Denver-Area Community
Alta Cherry Hills marks the company’s second 2017 acquisition. The property is located near two of the metro’s largest employment areas.
South FL Luxury Apartments Sell for $68.2M
The 400-unit luxury community’s previous owner invested more than $3 million in capital improvements, repositioning the community for its sale price of $170,500 per unit.