Finance & Investment

Alpha Partners Enters Charlotte with Portfolio Buy

The firm’s first acquisition in the market includes 147 units across three communities. The owner plans to add value to the properties through significant renovations.

Market Rate

Value-Add Asset Draws TN Investor

LEDIC Realty Co. has acquired Enclave at Water’s Edge, a 184-unit community in the IBM area, from Hamilton Zanze & Co.

Market Rate

Affordable Hawaii Project Receives $41M Loan

The Michaels Org. will use the financing for the construction of Keahumoa Place Apartments, a 320-unit development, 20 miles from Honolulu.

Affordable

Regions

Change City

HTG Completes 4th Community in Miami-Dade County

The affordable housing developer finished work on Princeton Park, a 150-unit income-restricted property. The Florida Housing Finance Corp. provided part of the financing for the $36 million project.
Miami 20 June 2019 15:28
Jacksonville Apartments Command $63M

AC Packer West sold the year-old Steele Creek Apartments, a Class A, 300-unit community, to RST Development/Hercules Real Estate Services Inc.
Jacksonville 20 June 2019 15:05
Denver Opportunity Zone Attracts Cresset-Diversified Fund, Hines

Starting in early 2020, the partners will build North Wynkoop, a 10-story, 392-unit luxury community in Denver’s RiNo neighborhood.
Denver 20 June 2019 14:51
Fort Lauderdale Luxury Tower Lands $140M Refi

SunTrust Banks Inc. originated the Freddie Mac loan. Built in 2017 by Related Group, Rabina Properties and Perella Weinberg Partners, Icon Las Olas provides 272 apartment units.
Miami 20 June 2019 14:30
Colorado Springs Communities Trade for $41M

The Bascom Group partnered with an affiliate of The Axton Group to scoop up the two adjacent assets totaling 486 units from Vukota Capital Management.
Denver 20 June 2019 14:28
Carter Multifamily Buys $84M Georgia Portfolio

The firm picked up 810 residential units across six apartment communities in the Savannah metro area. Carter plans to renovate the properties and upgrade common areas.
South 20 June 2019 14:27
Passco Cos. Expands FL Portfolio With $64M Buy

The company purchased a 300-unit luxury community in the Crestview-Fort Walton Beach-Destin MSA, their second multifamily asset acquisition in the area in recent months.
South 20 June 2019 12:57