Deals
Preiss Acquires 546-Bed Student Housing Community in North Carolina
Campus Edge was acquired by Raleigh-based The Preiss Co. in joint venture with a private investment group.
Cedar Grove Capital, ROSS Take Over Chesterfield Apartments
Cedar Grove Capital has acquired Chesterfield Apartments in Winston-Salem, N.C., tapping ROSS Management Services to manage the property and help upgrade the community.
Champion Buys Village Green Hills Apartments in Nashville
An 82-unit multifamily community in Nashville was sold for $22.5 million to Los Angeles-based Champion Real Estate Co.
Berkadia Closes $10M Financing for 223-Unit Knoxville Community
The acquisition and complete renovation of The Element at Cedar Bluff was facilitated by a $10.1 million loan from Berkadia.
Wood Partners Ready to Lease Out Fifth Phoenix Community
One of Wood Partners’ latest residential communities is now ready for move-ins.
Northern Arizona Student Housing Community to Open in 2017
American Campus Communities and Northern Arizona University have partnered to build SkyView, a nearly 300,000-square-foot student housing project.
Trammell Crow Plans Apartments for Downtown Anaheim
The project, which Trammell Crow Residential plans to call Alexan CtrCity, is scheduled to break ground in August.
Dominion Realty Partners Enters the Charlottesville Market
DRP’s newest development, Fifth Street Place, will be the newest apartment community in Charlottesville, Va., marking the company’s first project in the market.
Joint Base Lewis-McChord Military Housing Changes Hands
The acquisition expands Lincoln Military Housing’s portfolio by 16 percent, as it now oversees more than 36,000 military family homes at 35 installations in 11 states and the District of Columbia.
Dougherty Mortgage Closes $9.5M HUD Loan for The Timbers
Dougherty Mortgage has closed a $9.5 million HUD 223(f) PILOT Program loan for the acquisition of a 104-unit multifamily community in Austin.