Deals
Crowdfunding for LA Apartments Completed
Realty Mogul completes crowdfunding for the acquisition of a group of multifamily properties in Los Angeles. The buildings total 141 apartment units in the Baldwin Hills neighborhood.
TODAY’S DEALS: Home Properties Completes Major D.C. Disposition
Home Properties sells a 864-unit asset outside of D.C.; and Dougherty Mortgage closes a 35-year refinance loan for a Minnesota Section 8 property.
Zocalo Sells Denver’s Cadence Union Station Apartments
An Invesco client picks up a Denver apartment asset from Zocalo Community Development and Principal Real Estate Investors.
TODAY’S DEALS: Aztec Group Secures $7.5M for Fractured Condo
Aztec Group provides financing for 144 units in Fort Lauderdale; Cohen Financial secures $37 million for five properties; and Marcus & Millichap brokers a 259-unit sale in South Carolina.
WRIT Acquires DC Class A Apartments
Washington Real Estate Investment Trust acquires a 12-story, Class A asset in Washington, D.C.
Quilvest, Greystone Join Forces to Buy Apartment Properties
Greystone and Quilvest & Partners have formed a joint venture to acquire U.S. multifamily assets. According to the partners, the initial target markets will be in the Southeast, mid-Atlantic and Midwest.
Investors Snap Up Suburban Denver Apartments for $40M
RedPeak Properties has sold two Colorado apartment communities that total 360 units. ARA brokered the two separate sales.
TODAY’S DEALS: The Connor Group Acquires a 194-Unit Asset
Klingbeil Capital sells an Ohio apartment to The Connor Group; Marcus & Millichap brokers a $10.8 million student housing sale in California; and Centerline Capital Group secures $3.8 million in acquisition funding for a multifamily property.
MHN Interview: Alex Cohen of Liberty SBF
MHN catches up with Alexander Cohen, CEO of Liberty SBF. The Philadelphia-headquartered firm specializes in small-balance commercial lending products. Topics discussed include trends in the capital markets, the firm’s entry into apartment lending, and lending for pools of single-family rentals.
TODAY’S DEALS: Cornerstone Acquires Baltimore Apartment from The DSF Group
HFF brokers the sale of a 14-story high-rise in Baltimore; Berkadia provides $28 million for two Texas acquisitions; and RED closes a $26.2 million seniors housing construction loan.