Finance & Investment
Phoenix Community Changes Hands for $18M
The 96-unit garden-style property was nearly fully occupied at the time of the sale.
ICYMI: MHN’s Top 5 Posts in May 2021
Miss any of our articles? Catch up with five of our most popular posts for the month.
SpareBox Storage Expands in Oklahoma, Florida
The newly acquired facilities total more than 2,000 units.
Adaptive Reuse Project Lands $17M Loan in Providence
With help from Berkadia, the owner of a former mill turned into loft-style residences has obtained HUD 223(f) financing.
XFD Real Estate JV Buys North Carolina Student Housing Community
The new owners plan to invest $2 million to upgrade the 888-bed property in Greenville.
Merrimac Lands $72M Construction Loan for South Florida Community
The six-story property in Plantation, Fla., is expected to be completed by 2023.
Independence Realty Trust Buys Charlotte Apartments
Cushman & Wakefield represented the seller in the $66.5 million transaction.
TruAmerica Pays $196M for Nashville, Phoenix Assets
The acquisitions add nearly 1,000 units to the firm’s national multifamily portfolio.
University of Alabama at Birmingham Opens $73M Residence Hall
The McMahon, a 712-bed community in the housing core of the campus, marks UAB’s first LEED Gold-certified building.
Herald Realty Sells Niche Asset in Connecticut
The deal includes approvals to add another 32 units as well as amenity and outdoor terrace space to the property.