Deals
CBRE Assists Hines in Luxury Multifamily Deal
AVR Realty bought @1377, a two-year-old community in metro Atlanta.
Rock Apartment Advisors Closes $40M in Sales in AL
The brokerage firm facilitated the sale of two multifamily properties that marked the first acquisitions for the buyers in Huntsville and Auburn, Ala.
CPP to Rehab San Jose Affordable Community
The company recently closed a $25 million deal that will provide some relief to the area’s affordability issue.
L5 Investments Makes $23M Debut in Richmond
The multifamily investment firm and its partner have made its first acquisition in Virginia, with plans to complete a more than $2.6 million renovation of the property.
Luxury Student Housing Asset Changes Hands Near TSU
The new owner plans to boost the value of the student housing community by investing $2 million in renovations.
Jonathan Rose JV Preserves 340-Unit Affordable Community
The group acquired a 32-building affordable community for $39 million, with plans for a major renovation.
Berkadia Closes Sale of Two Minnesota Multifamily Properties
An affiliate of non-profit AEON is the new owner of the 109-unit Goldenstar Apartments in Maplewood and the 30-unit Sun Place Apartments in Roseville.
Evergreen Invests $13M to Preserve Chicago Affordable Housing
The company acquired two affordable senior housing properties on the North Side, with plans to complete exterior and interior renovations.
Luxury Community Changes Hands in Atlanta
Westhaven at Vinings features 610 apartments and a plethora of amenities.
Westlake Multifamily Asset Set for Overhaul Following Acquisition
Westlake is a traditionally lower-rated area of Central L.A. that new owner Massie Capital hopes will catch up in terms of rent rates.