Deals
IPA Arranges Record-Breaking Sale of Terracina Apartments in Inland Empire
By Alex Girda Ontario, Calif.– The recent sale of the Terracina community in Ontario is the largest transaction ever completed for a multifamily property in the Inland Empire. MG Properties sold the property along with joint venture partner Rockwood Capital for $142 million. The price per-unit comes in at roughly $193,000, well above the national average PPU which ended 2015 at roughly $117,000. Located at 3303 South Archibald Ave. in the Ontario Ranch master-planned community, Terracina offers 736 garden-style residences. The property consists of two land parcels that total 41 of the 8,200 acres that make up Ontario Ranch. The transaction…
HFF Secures Financing for Montclair Terrace Apartments
There is the opportunity to position the asset as an affordable property.
Orlando Apartments Sell for $92M
Preferred Apartment Communities bought the community from Altamonte Springs-based Cambridge Management Services.
ROSS Nabs 254-Unit Community in Maryland
The multifamily firm plans to implement building improvements and a digital marketing strategy at its newly acquired Horizon Square in Laurel, Md.
Boston Developer Lands $30M Loan
The community will be Taurus’ first development in the Kansas City market.
Fairfax Village Development Site Changes Hands in HFF-Arranged Deal
A new multifamily building is set to take shape in L.A.’s Fairfax Village as a result.
HFO Brokers Sale of Townfair Apartments for $31M
The property is located in Gresham, Ore. and sold for $139.70 per square foot.
Berkadia Completes Sale of Indiana Community
Parkway Apartments and Townhomes, a 446-unit community in West Lafayette, sold for nearly $10.9 million.
Colliers Arranges Sale of 216-Bed Student Housing Community
The community is close to East Carolina University, making it a highly sought after option for students.
Trevecca Nazarene to Develop $20M Community
The Flats of Walden Grove will feature 126 one- and two-bedroom apartments for renters looking to live in Nashville’s downtown district and next to a vibrant college.