Deals
Berkadia Arranges $28M Sale of Arizona Community
The 254-unit property was acquired by FW Group from seller Prime Residential.
Griffis/Blessing Pays $33M for Glenbrook Apartments
The new owner plans to invest in improvements at the 252-unit, garden-style community.
Cushman & Wakefield Sells Michigan Senior Housings
The suburban portfolio comprises three properties totaling 371 units.
PAC Plans Galleria 75 Redevelopment in Atlanta
The company intends to redevelop the 7-acre site, which currently incorporates 110,000 square feet of office space.
Presidium Acquires Two Communities in Northwest San Antonio
Both multifamily assets present value-add opportunities.
Electra America, Robbins Property Associates Seal Merger
The new entity owns and operates a large multifamily portfolio, totaling some 20,000 apartment units in 66 properties.
Astral Weeks Buys Redevelopment Opportunity in Detroit
The New York-based company now owns a half acre site in the rapidly growing Brush Park neighborhood.
Senior Housing Portfolio in Suburban Detroit Lands New Owner
The buyer is an affiliate of Chicago-based private equity firm Green Courte Partners LLC.
TruAmerica, Investcorp JV Executes 5th Acquisition
The investment managers purchased the L.A.-adjacent, 552-unit apartment community for $92 million, their fifth and largest joint venture transaction in two years.
Marcus & Millichap Lends a Hand in Tampa
The 100-unit multifamily property changed hands for $6.4 million.