Deals
Madison Realty Capital Nabs Midtown Mixed-Use Property
Madison Realty Capital and USAA Real Estate Co. have teamed up to acquire The Buchanan, a well-known mixed-use community that’s getting its first new owner in 64 years.
Admiral Capital, McCann Realty Acquire Howell Bridge Apartments
A joint venture formed between Admiral Capital Group and McCann Realty Partners to acquire Howell Bridge Apartments in Atlanta.
CBRE Secures Refi for Duke City Apartment Community
Prime Residential secured a $15.5 million refi through CBRE Capital Markets for an Albuquerque apartment community.
Alex. Brown Realty & Asset Campus Housing Acquire 316-Bed Dakota Ranch in San Marcos
Interior and exterior upgrades are planned for Dakota Ranch’s future after being acquired by Alex. Brown Realty Inc. and Asset Campus Housing.
Two Phoenix Communities Receive $73M in Funding
Mesa West is taking advantage of a strong multifamily market in Phoenix.
JV Bets on Apartment Community Near Reno
PCCP provided a $28.2 million loan to Sunroad Enterprises, Security Properties and Loma Linda University to acquire and renovate a Class A apartment community in a Reno, Nev., submarket.
Greystar Acquires Two NYC Communities for $336.3M
The two transactions represent the full investment of the $800 million Greystar Equity Partners VIII LP, part of Greystar’s flagship, value-add fund series.
M3 Multifamily Refinances the Links at Forest Creek
M3 Multifamily landed an $8 million loan for the refinancing of a 220-unit community in Round Rock, Texas.
Multifamily Community Near Union Village Acquired by TruAmerica
Acquisition of Class B apartment community provides growth potential for L.A.-based company.
Transactions: March 2016
The following is a list of transactions that were announced between 12/30/2015 – 01/22/2016. To have your transaction featured, submit details to mallory.bulman@cpe-mhn.com. SALES: Arium Barber Park Location: Orlando, Fla. No. of Units: 526 Buyer: White Eagle Property Group Seller/Representative: CBRE Investment Properties Notes: CBRE represented the seller, Carroll Organization. Value: $51.9 million Allister North Hills Location: Raleigh, N.C. No. of Units: 434 Buyer: Heitman Seller/Representative: Federal Capital Partners/Kane Realty Corp. Notes: Kane Residential will continue to manage the property for the new owner. Value: $93.5 million The Millennium in Woodland Hills Location: Los Angeles No. of Units: 395 Buyer: TruAmerica Multifamily Seller/Representative: Intercontinental Real Estate Corporation Notes: Under its new…