Deals
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.
JV Buys Florida Senior Housing Portfoliofor $555M
The Aston Gardens portfolio encompasses private-pay, primarily independent living seniors housing properties totaling 1,930 units.
Oak Coast Properties, BMC Investments Score Denver Apartments for $50.8M
Oak Coast is planning a $2.5 million renovation of the property, which is the first acquisition in a series of investments to meet its $300 million target for 2016.
Out-of-State Investor Buys 70 Units in East Cleveland
The 70-unit Parkview Estates Apartments in East Cleveland, Ohio was bought by Florida-based investors for $850,000, or $12,142 per unit.
Multifamily Assets Scooped Up in Inglewood
Universe Holdings purchased two multifamily communities in Inglewood, Calif., which is undergoing a major transformation as it plans to welcome back the Rams with a new NFL stadium.