Deals
Southern Minnesota Affordable Community Sells for $13M
The buyer financed the 144-unit acquisition with a $10.1 million Fannie Mae loan.
StoneBridge Investments Acquires Maryland Apartments
CBRE represented the seller in the deal and arranged financing on behalf of the new owner.
Kennedy Wilson Invests in Montana OZ Project
The commitment gives the firm majority ownership of a 268-unit development in Bozeman.
MG Properties Expands in Inland Empire With $138M Buy
The company added the 319-unit property in Rancho Cucamonga to its Southern California portfolio.
The GSH Group Pays $63M for Suburban Orlando Asset
The new owner plans to invest roughly $4 million in capital renovations.
PNC Bank Sells Chicago Affordable Housing for $30M
The new owner will begin renovating the 240-unit community opposite the planned Obama Presidential Center next year.
Las Vegas Property Changes Hands for $41M
TruAmerica Multifamily sold the 170-unit community previously known as The Willows at Spring Valley Ranch.
Seattle-Area Apartments Command $170M
Su Development sold the newly delivered luxury asset in the metro’s largest multifamily deal since January.
New Frontier Buys Chicago-Area Senior Living Asset
The 120-unit affordable community known as Riverwalk commanded close to $9 million.
Tower 16 Sells Phoenix Community for $30M
The buyer will continue capital improvements at the 214-unit asset, following nearly $2 million invested under the previous owner.