Deals
Castle Lanterra Expands Texas Offerings
The asset traded for $104,000 per unit, representing an 11 percent cash-on-cash return at inception.
Pathfinder Disposes of Inland Empire Townhome Community
Sold for $6 million more than the original acquisition price, Tuscan is Pathfinder’s fourth disposition in the Inland Empire.
Marcus & Millichap Closes Sale of Lakeland Community
The Florida property changed hands for $7.4 million.
Miami Management Company Expands Operations with Merger
Discussions between Weller Management and Bridge Real Estate Group began earlier this year.
Interurban Goes Shopping in Northeast Houston
HFF arranged the $29.4 million acquisition of a Class A community in the northeastern suburb of Humble, Texas.
GFI Realty Arranges $4.3M Sale of Manhattan Property
The prewar walk-up building hasn’t changed owners in over 30 years.
BEF Holdings Makes $37M Metro Portland Pickup
The sale represented a price per unit of $165,555, almost $183 per square foot.
JV Acquires Senior Housing in DC, NY
A joint venture between Blue Vista Capital Management and Meridian Senior Living purchased two senior living communities located near a variety of medical providers.
CPP Expands Affordable Footprint with $16.5M Buy
The rehabilitation of Plaza Townhomes will keep rents below market for the next 30 years.
REIT Sells Entire Senior Housing Portfolio for $280M
Investors Real Estate Trust is exiting the senior housing sector, with its latest sale including 26 properties in the Midwest.