Deals
Common Acquires Management Agreements from Starcity
The arrangement includes 7,481 new units in cities around the world.
The Worthing Cos., RAM Partners Form Alliance
Worthing’s property management division will be transferred into RAM, while RAM will provide lease-up services for Worthing’s projects.
Bell Partners Purchases 2 Austin Assets
The company plans to merge operations with its nearby Bell Southpark and create a community of 949 units.
PCCP JV Acquires Atlanta Community
The partners are planning an extensive lease-up plan for the property, which experienced a high vacancy rate due to the pandemic.
Luxury Colorado Property Gets $61M Refi
Working on behalf of Etkin Johnson Real Estate Partners, JLL Capital Markets arranged the 10-year loan for a garden-style community south of Denver.
APRA Capital Pays $54M for Tucson Community
Institutional Property Advisors represented the seller, HSL Properties, and also procured the buyer.
RHP Buys Pennsylvania MHC
The $7 million acquisition brings the company’s portfolio of manufactured housing communities to 299 nationwide.
Summit Communities Closes $29M Denver Disposition
CBRE represented the seller, and Newmark provided Freddie Mac financing for the buyer.
Orlando Luxury Community Sells for $74M
Astoria at Celebration underwent a comprehensive repositioning program under the previous ownership.
29th Street Capital Buys Denver-Area Apartments for $134M
The 424-unit property in Aurora marks the firm’s transition from purchasing value-add to higher-quality communities.