Deals
Portfolio of 4,200-Plus Rental Houses Sells for $652M
Altisource Residential purchased the portfolio on Saint Croix in the U.S. Virgin Islands from Amherst Holdings.
Continental Realty Pays $61.6M for Baltimore-Area Asset
The 324-unit Riverstone at Owings Mills sold for a little more than $190,000 per unit.
Houston Community Under New Ownership through HFF
The community was 95 percent leased at the time of the sale.
Western Wealth Buys Phoenix Apartments for $17M
Amber Gardens, a 164-unit apartment community in Tempe, Ariz., marks the company’s 24th acquisition in metro Phoenix.
Texas Apartment Community Sold for $34M
Pure Multi-Family has agreed to sell Livingston Apartments by the end of October 2016.
JLL Arranges $22M Apartment Community Sale in Phoenix
The deal marks the first downtown Phoenix apartment project to be constructed and traded in the market’s post-recession upswing.
Rockpoint Group Takes Vintage Wall St. Towers
The two 1920s-era buildings in downtown Manhattan’s financial district total 807 rental units between them.
Develop Detroit Launches First Communities
The non-profit development firm has acquired two multifamily buildings in Detroit’s New Center area, which it plans to renovate and expand.
BRAD Management Picks up Two South Pasadena Residential Buildings
The financing for the acquisition and renovation of the two assets was provided by Thorofare Capital.
Berkshire Group Nabs Bozzuto Homes Development in DC
The 96-unit Berkshire15 high-rise is situated in the historic U Street corridor.