Finance & Investment
Berkadia Arranges $23M Refi for Florida Student Housing
Managing Director Brad Williamson secured the loan on behalf of Seminole Boosters, the fundraising arm of Florida State University Athletics.
Advanced Real Estate Services Secures $240M Refi for Multifamily Portfolio
NorthMarq arranged the Freddie Mac and Fannie Mae loans for six communities totaling 1,223 units in Southern California.
East Phoenix Community Trades for $15M
Greystone provided a fixed-rate $10.8 million Fannie Mae loan for the acquisition.
Aimco Spins Off $10.4B ‘Pure’ Investment Entity
The new company, Apartment Income REIT, will benefit from low financial leverage and limited execution risk.
JLL Secures $17M Refi for Atlanta-Area Community
Directors Jesse Wright and Ware Shipman arranged the loan on behalf of Asia Capital Real Estate.
Passco Cos. Pays $78M for South Carolina Property
Southeastern Co. sold the 330-unit community in Bluffton. The new owner retained Greystar as property manager.
Maxwell Group Secures $37M for South Carolina Senior Community
The 198-bed senior community in Charleston has a $3 million on-site wellness center for residents.
Columbus Community Lands Refi
Gelt Financial provided a two-year loan for the 152-unit, non-stabilized rental community.
29th Street Capital Purchases 308-Unit San Antonio Community
The new owner plans to invest in a capital improvements plan and upgrade the property.
TA Realty Acquires Los Angeles Westside Community
Institutional Property Advisors brokered the $65 million sale of Avalon Venice on Rose.