Deals
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.
Greystone Closes Sale of Affordable Michigan Community
Located in an Opportunity Zone, the property came online in 2006.
Suburban Atlanta Asset Commands $41M
TerraCap Management sold the asset following significant upgrades over the past three years.
Watermark Residential Expands Florida Holdings
The company has acquired 17.5 acres for an upcoming built-for-rent community in Port St. Lucie.
Los Angeles Self Storage Facility Lands $14M Financing
The 1,150-unit building is under construction some 25 miles east of the city’s downtown.
J&L Cos. Receives $94M Loan for Newark Project
Greystone has arranged construction financing for the 12-story development.