Deals
Passco Sounds the Right Notes with Nashville Acquisition
The 452-unit apartment community, acquired for $51.4 million, is expected to provide quality housing for about half the price per square foot of the downtown market.
Vitus Group Acquires Miami Beach Senior Housing
The 15-story community provides 210 units of affordable housing for seniors.
Crown Bay, Adams Investor Group Close on 240-Unit Multifamily Asset in Atlanta Metro
Crown Bay Group acquired the now re-branded Hairston Woods Apartments in DeKalb County, marking the company’s fourth acquisition in the Atlanta area.
Stepp Commercial Leads $17M Sale of L.A.-Area Apartment Portfolio
Increased investor interest in the Long Beach submarket continues with the $17.3 million sale of a three-property apartment portfolio arranged by Stepp Commercial.
Inland Purchases Two Colorado Communities
Both properties were 97 percent leased at the time of the acquisition.
Hunt Mortgage Group Closes $11M Refi Loan for Texas City 304-Unit Community
The 304-unit Lakeview Apartments community received $11 million in refinancing facilitated by Hunt Mortgage Group.
G.H. Palmer Renaissance Collection Debuts Phase II at DaVinci
The DaVinci Apartments in downtown Los Angeles is opening up Phase II this spring, with pre-leasing already available.
George Smith Partners Snags $30M For L.A. Development
The investment banking firm secured $30 million in bridge financing for 3.5 acres of land for multifamily development and a 68,834-square-foot office building in Hollywood, Calif.
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.