Finance & Investment
On the Market: 5 Interesting Listings for 12/12-19
This week’s for-sale listings include two well-preserved ’60s-era assets and a modular six-townhome community under construction near Florida’s Hollywood Beach.
RealtyShares Funds Renovations for 344-Unit Orlando Community
Avesta is sponsoring the deal, with plans to renovate the property to better compete with nearby high-end assets.
Partnership to Convert Historic NY Building into Mixed-Use Development
Bradford & Euclid and partners closed a $19 million deal to turn the R.E. Dietz lantern factory building into apartments and office space.
Castle Lanterra Enters Atlanta Multifamily Market
The company has plans to update the units to include new flooring, lighting, plumbing fixtures and countertops, as well as upgrading the common areas.
Mesa West Provides Financing for Utah Acquisition
The community traded hands for $93.9 million.
Homeowners Rehab Receives $21M Financing for Auburn Court Additions, Upgrades
Auburn Court was built in 1995 with MassHousing financing as part of University Park, which was developed by Forest City and is owned by MIT.
Security Properties Nabs $58M Property
The company acquired The Artessa Luxury Apartment Homes in Nashville metro area, a 250-unit property.
Atlanta Apartments Sell for Nearly $60M
RADCO will rename the community and spend more than $4.5 million on capital improvements.
Capital One Provides $118M Construction Loan for Yonkers Apartments
Consisting of more than 567,000 square feet, Larkin Plaza will offer 439 luxury apartment units, including 17 affordable units, divided between 25- and 17-story residential buildings.
Robbins Electra, RSE Capital Expand Florida Portfolios
The joint venture plans to invest $200 million in value-add properties in central and north Florida over the next 12 months.