Deals
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.
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.