Deals
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…
Harrison Street Real Estate Buys Campus Crest for $1.9B
Harrison Street Real Estate Capital completed its acquisition of Campus Crest Communities as it continues its focus on expanding its student housing presence.
Financing Measure Helps Completion of Seattle Multifamily Acquisition
Freddie Mac financing was provided for the acquisition of Yardhouse Apartments.
Greystone Provides $51M Financing for Nearly 1,000 Apartments in Texas
Greystone has arranged $51.6 million in Fannie Mae loans for InterCapital Group’s acquisition of The Parks at Treepoint and Post Oak Apartments.
Bascom Sells Chandler Multifamily Asset to Standard Portfolios
Colliers International intermediated the transaction of a garden-style apartment community in Chandler.
Massive Bronx Multifamily Portfolio Sells for $140M
The deal is reportedly the largest portfolio sale in the borough since 2013.
Waterton Lands Charlotte Community for $51M
Waterton spent $51.9 million for 22 three-story buildings with 426 residences in Charlotte’s Mallard Creek submarket.
Slate, Adam America and Vanke Pay $116M for Lower East Side Site
Slate Property Group, Adam America Real Estate and Vanke Holdings USA paid $116 million to acquire 45 Rivington Street, and plan to convert it to luxury residential condominiums.
Suburban Raleigh-Durham Rental Building Sold for $41M
In a deal brokered by HFF, The Village at Marquee Station, a 265-unit apartment community located in Fuquay-Varina, changed hands for $41.5 million.