Deals
Berkadia Closes $35M SoCal Apartment Sale
A California-based investor purchased the 128-unit community in Fullerton. The multifamily asset last traded in 2012 for a little over $20 million.
Transactions: April 2017
The following is a list of transactions that were announced between Jan. 25, 2017 and Feb. 21, 2017.
PAC Buys Recently Built Virginia Community
The company purchased Founders Village, a 247-unit community in Williamsburg, Va., and financed the acquisition using a portion of the proceeds from a 1031 exchange sale.
JPL Snags Nashville-Area Apartment Project
The 304-unit Villages at Peytona Downs will be part of the master-planned Greensboro Village, which features residential, retail and office space.
URS Capital Partners Nabs Distressed Apartment Community
The company plans to invest $4 million in the property’s renovation, crucial to an extensive rebranding process that will include renaming the community as The Flats at East Atlanta.
Preferred Closed the Sale on 2 Communities Totaling $114M
The properties, located in Kansas City, Kan., and Atlanta, have an annualized return of 19.1 percent.
Berkshire Lands $73M NC Luxury Community
The Boston-based company is the new owner of Alexan Chapel Hill, a 265-unit property on the edge of the Research Triangle. Take a virtual tour of the building with our slideshow.
Bascom Group Nabs $94M Orange County Community
The company plans to upgrade and modernize the 406-unit infill asset, which was built in 1972.
Xin Lands $108M Loan for Manhattan Condo Project
The seven-story project will offer 82 units and 36,053 square feet of retail on the former site of a gas station and convenience store.
Greystone Brown Real Estate Brokers Sale of Atlanta Community
The buyer acquired the property for $6.1 million and plans to invest $10,000 per unit in renovations.