Deals
BRT Agrees to $226M Portfolio Sale
The 1,108-unit deal, expected to close by the end of the third quarter, includes one property outside Atlanta and another near Orlando, Fla.
Phipps Houses Lands $217M Loan for Affordable Brooklyn Community
The 403-unit project is expected to be complete in the fall of 2023.
Manulife Completes $145M Denver Luxury Buy
The property formerly known as Legacy at Speer was 90 percent occupied at the time of sale.
Nuveen Pays $110M for Metro DC Asset
The 365-unit Rockville, Md., property is located in a major life sciences cluster.
Pantzer Properties Sells 468-Unit Maryland Community
The Germantown asset previously changed hands in 2018 for nearly $88 million.
Los Angeles-Area Property Trades for $26M
Town Center Terrace had been on the market for the first time in 38 years.
FCP Trades Suburban Atlanta Apartments
FCP acquired the 312-unit garden-style community for $29.5 million in 2016 and invested $5.5 million in capital improvements.
South Carolina Student Housing Asset Changes Hands
The Preiss Co. joined forces with a major global asset manager to purchase the 504-bed community near the University of South Carolina.
Harbor Group Pays $47M for California Asset
Olive Ridge provides access to some of Southern California’s largest employment hubs.
Rise48 Buys 166-Unit Phoenix Community
The company plans to invest more than $250 million in apartment acquisitions this year.