Finance & Investment
Pair of Oklahoma Manufactured Housing Communities Changes Hands
In separate transactions, two California-based investors acquired Big Bass Park in Checotah and Rolling Acres in Oklahoma City.
BH Equities Sells Tampa Community for $58M
The new owner landed a 15-year $40.6 million Fannie Mae acquisition loan.
Nuveen Buys Orlando Asset for $45M
The 196-unit Lake Vue changed hands for the first time since it was completed in 2016.
Cushman & Wakefield Closes $19M Sale of 2 Florida Communities
Mike Donaldson and Nick Meoli represented the sellers, and Denny St. Romain, Charles Crapse and Alex Kupp worked on behalf of the buyer.
HiCap Closes 2nd Utah Multifamily Acquisition
CBRE arranged a 10-year Fannie Mae loan for the purchase of the 38-unit community in Provo.
New Plan for Fannie, Freddie Threads the Needle
What’s next for the GSEs: Yardi Matrix Research Director Paul Fiorilla assesses a major agreement.
Trammell Crow Residential to Begin Construction on Boston-Area Project
The 282-unit Alexan Kingston community will replace the shuttered Sears department store at Kingston Collection Mall.
Berkadia Acquires Apartment Brokerage Moran & Co.
Veteran dealmaker Mary Ann King will head up Berkadia’s new platform and help oversee the integration of Moran’s 31-member team.
Luxury New Jersey Community Trades in $84M Deal
Former owner J.P. Morgan Asset Management purchased the 200-unit asset in 2003 from its developer, in a $42 million deal.
Urban Catalyst Closes $131M OZ Fund
The funds will go towards seven projects in San Jose, Calif., which are expected to start construction in 2021 and 2022.