Deals
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.
HFF Closes Sale of 270-Unit Ranch at City Park in Houston
HFF marketed the sale of Ranch at City Park, a Class A apartment community in Houston.
JLL Closes Sale of Owings Park in Suburban Baltimore
Friedkin Realty Group purchased the property for $34.13 million.
Crystal Falls Lures Houston Homebuilder Once Again
The company acquired land to begin construction on its third community in Austin.