Deals
TODAY’S DEALS: Vantage to Acquire 650-Unit Apartment Outside Philly
Vantage enters a $70 million acquisition agreement; IPA brokers a Behringer Harvard sale in Connecticut; and IPA arranges a $31 million multifamily sale in Tampa, Fla.
TODAY’S DEALS: NorthMarq Arranges $38M Acquisition Financing for Minnesota Asset
NorthMarq Capital arranges financing for a 361-unit acquisition; Beech Street Capital Closes $32.7 million to refinance two assets in Orange County, Calif.
TODAY’S DEALS: Home Properties Sells Virginia Apartment for $68M
Transwestern represents Home Properties in a 334-unit sale; Harbor Group International completes a 528-unit disposition; and Pembrook Capital provides $7.5 million in preferred equity for a development in Brooklyn.
TODAY’S DEALS: Peak Capital Partners Acquires a 434-Unit Apartment in Denver
Peak Capital Partners acquires a Denver asset from Prime Residential; Centerline Capital finances a Houston acquisition; and HFF arranges a $62.4 million construction loan for condo development in Manhattan’s Greenwich Village.
TODAY’S DEALS: Canyon Catalyst Fund Acquires a Pair of Bay Area Apartments
The Canyon Catalyst Fund and Sack Properties buy two Bay Area apartment assets; Coseo Properties completes a Michigan multifamily acquisition; and BMC completes an $18.5 million cash-out refinance in a tertiary market.
TODAY’S DEALS: Tampa Apartment Community Trades for $32M
IPA completes a 340-unit sale; BankUnited provides $30 million to refinance a property in Queens, N.Y.; and HFF closes a $35 million sale of a development site in Manhattan’s Hudson Yards.
TODAY’S DEALS: WRIT Acquires D.C. Apartment Asset for $48.2M
Washington Real Estate Investment Trust buys a 135-unit apartment community in Arlington; The Community Development Trust will obtain $125 million, the largest allocation under an inaugural federal bond program for funding affordable housing; and Beech Street Capital closes $13.6 million for a Maryland asset.
TODAY’S DEALS: Greystar Sponsors Recapitalization of $440M Portfolio with Ivanhoé Cambridge, Goldman Sachs and Partners
Greystar sponsors the recapitalization of a $440m portfolio; Colliers completes a $57.8 million sale in Arizona; and NorthMarq arranges $13.4 million in construction financing for a student housing asset in Oklahoma.
TODAY’S DEALS: BRE Properties Completes $120.5M Acquisition
BRE buys a 270-unit community in Hollywood; StonebridgeCarras lands $121.6 million in construction financing for a Bethesda development; and HFF secures $52 million in financing for manufactured home community.
TODAY’S DEALS: Capital One Provides Bridge Loan for Rental Conversion
HFF arranges financing for a N.J. community; KB Homes buys a condo development site in San Francisco; and NorthMarq Capital arranges a $32.4 million Freddie Mac loan for a Class A property.