Deals
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.
Waterton Buys Atlanta Apartment Building for $58M
Waterton plans a capital improvement program to enhance both the residential units and the common areas.
Marcus & Millichap Leads Record Senior Housing Portfolio Sale
Regency Post-Acute Healthcare System completed one of the largest senior housing portfolio sales on record in the state of Texas.
Peak Campus to Manage 587-Bed Student Housing Complex in Minneapolis
DRA Advisors acquired Metro Park East, a community serving students of the University of Minnesota, and appointed Peak Campus to manage the property.
Gaia Real Estate Sells 252-Unit Cypress Commons in Houston
Gaia Real Estate closed the sale of Cypress Commons, a Class A community located in the Champions submarket of Northwest Houston.
Habitat Company Adds 5,000 Units in Alabama, Florida
The additions are in seven communities comprising 3,600 units in Birmingham, Ala., and five properties with almost 1,400 units in Tampa, Fla.
Community Preservation Partners Spends $119M on Affordable Housing
Community Preservation Partners teamed up with Related Affordable to acquire two residential communities in the Bay Area, marking the company’s largest deal to date.
Grandbridge Closes on Three Financial Deals for Senior Housing
The transaction totaled about $52 million.
Lexerd Capital Management Snags Jacksonville Apartment Complex
Lexerd Capital Management acquired a 106-unit market-rate multifamily community in San Marco for $8million.