Deals
TODAY’S DEALS: Altman Development Completes $46.8M Disposition
ARA brokers a 360-unit sale in Raleigh, N.C.; NorthMarq arranges a $22.4 million mortgage for a high-rise; and Centerline Capital Group provides $18.8 million for an affordable development in Austin.
TODAY’S DEALS: Lee & Associates Completes $7.2M Sale in Glendora, Calif.
Lee & Associates completes a 27-unit sale; Summit Healthcare REIT Inc. completes its first purchase since changing names; and Meridian Capital Group arranges mortgages in Brooklyn and Queens.
TODAY’S DEALS: Kislak Completes $14.8M Sale of Foreclosed Apartments by Insurance Co. Affiliate
The Kislak Company Inc. brokers a $14.8 million distressed sale; and Marcus & Millichap completes a $1.9 million sale in Norfolk, Va.
TruAmerica Contiues to Grow with Two Class A Acquisitions
TruAmerica Multifamily is two steps closer to reaching its goal of a $1 billion portfolio by mid-2015 thanks to purchases in Gilroy, Calif., and Federal Way, Wash.
Newcastle Acquires $1B Seniors Housing Portfolio From Holiday
Newcastle Investment Corp. completes a $1 billion acquisition of 51 independent living seniors housing properties from an affiliate of Holiday Acquisition Holdings.
TODAY’S DEALS: Berkshire to Acquire Two Apartment Assets for $120M
Berkshire Income Realty to acquire 588 units; Hudson Capital Investments buys a community outside Houston; and Beech Street Capital provides $7.4 million for a Florida acquisition.
Philly Investor GoldOller Buys 1,200 Units in Metropolitan Atlanta
GoldOller Real Estate Investments acquires six rental properties in metropolitan Atlanta in a transaction valued at $87.3 million.
TODAY’S DEALS: Stockbridge Capital Group Refinances 336-Unit Asset
HFF arranges refinancing for a community in Pasadena, Md.; Madison Realty Capital acquires an $18 million mortgage portfolio; and Great Lakes Capital invests $4.8 million in a new affordable housing development.
MHN Interview: John Isakson, Preferred Apartment Communities
MHN talks to John Isakson, chief capital officer at Preferred Apartment Communities, about the company and multifamily issues that legislators should be aware of.
TODAY’S DEALS: Walker & Dunlop Arranges $43.5M for New Orleans Acquisition
Walker & Dunlop provides $43.5 million for a New Orleans acquisition; Apartment REIT Home Properties acquires 252 units; and Johnson Capital arranges $5.4M loan for purchase of affordable apartment community.