Finance & Investment
Pensam Residential Acquires Denver Landmark Community for $350M
The price sets a new record for Colorado and is the second highest paid for a single multifamily asset in the U.S. this year.
Berkadia Arranges $36M Loan for Sin City Communities
Pine Hills Lodge and Sonoma Shadows will be run as one asset, rebranded as Solaire Apartments.
City North at Sunrise Ranch Changes Hands
Alliance Residential Co. will handle property management responsibilities.
Downtown Portland Community Sells for $23M
Grand Peaks Properties of Colorado acquired the property for $282,530 per unit.
David Schwarz, ARA Newmark on Prime Opportunity for Developers
The company’s executive managing director is looking into the challenging multifamily market in Houston.
Berkadia Arranges $115M Sale of Orange County Community
The buyer plans to update the 292-unit Amerige Pointe, which is located within a historic master-planned community.
Transwestern Brokers Sale of Dallas-Fort Worth Communities
The two properties are the Residence at Midtown Apartments, a 296-unit community located in Dallas, and Vistas at Lake Worth, a 265-unit community in Fort Worth.
29SC Lands First Property in Louisville
The firm plans to invest $800,000 in the renovation of the 80-unit property.
RED Closes Refi Loans for Midwestern Affordable Community
The mortgage banking arm of Red Capital Group coordinated a MAP and Lean closing for the refinance and renovation of Portage Trail Village, a property in Cuyahoga Falls, Ohio.
Student Housing in Metro Orlando Lands $15M Financing
HFF has arranged a 20-year, fixed rate loan for Riverwind at Alafaya Trail Apartments, a 110-unit student housing community in Oviedo, Fla.