Deals
JV Procures KS Luxury Community
Fogelman Properties and DRA Advisors acquired Sandstone Creek Apartments in Overland Park for $48.1 million.
Marcus & Millichap Closes $500K/Unit Deal
The property is located in the Miracle Mile submarket of Los Angeles.
Affordable Housing Community in Philly Changes Hands
HFF worked on behalf of PV Associates to market and sell the 41-unit property.
ARA Lands Luxury Community in Chicago’s West Loop
The Madison at Racine, a 216-unit property, was almost fully occupied at the time of purchase.
Triumph Enters Denver Market
The company acquired Villas at Holly, 143-unit community, for $26 million.
Transactions: March 2017
by Mallory Bulman The following is a list of transactions that were announced between Nov. 30, 2016, and Jan. 24, 2017. To have your transaction featured, submit details to mallory.bulman@cpe-mhn.com Originally appearing in the March 2017 issue of MHN.
Arrimus Buys Student Housing Community, Adds Partner
In a deal arranged by CBRE, the company paid $63.7 million to acquire the Class A asset to acquire the Class A asset in Denton, Texas, from Parkland Development.
HFF Facilitates Acquisition Financing for Apple Creek
At the time of the deal, the asset was 98 percent leased.
BSR Trust Enters Northwest AR Market
The company purchased Mountain Ranch Apartments, a 360-unit community in Fayetteville.
Marcus & Millichap Sells Dallas Community
The new owner plans a multi-million-dollar renovation.