Finance & Investment
Trion Properties Purchases Bay Area Community for $21M
The deal marks the first time the property was made available for sale since being built in 1969.
Dasmen Residential Sells Charlotte Community for $48M
The new owner financed the acquisition of the 341-unit property with three loans totaling $42 million.
Pantzer Properties Buys Washington, DC-Area Community for $71M
Berkadia represented the seller in the disposition of the 304-unit Point at Palisades in Manassas Park, Va.
Affordable Suburban Nashville Community Gets $11M Refi
CBRE provided a 10-year, Freddie Mac note which retires a $4.5 million CMBS loan from 2017.
CBRE Facilitates Sale of Los Angeles-Area Community
In July, CBRE’s brokerage team also arranged the sale of a 72-unit property in Los Angeles’ Koreatown. The community sold for $32.4 million at a 4 percent cap rate.
JV Lands $34M for New Jersey Affordable Luxury Project
Investors Bank originated the loan for the development of a 180-unit community in North Haledon.
MassHousing Provides Affordable Portfolio Loan
Preservation of Affordable Housing received the short-term financing for the purchase and initial rehabilitation of 227 units in Attleboro, Mass.
North St. Petersburg Community Receives Refi
The $7 million mortgage retires $6.3 million in acquisition financing provided by C-III Capital Partners in 2018.
Generic Management, CAF Capital Buy Plano Property for $63M
Phillips Realty Capital advised the partnership on its acquisition of the 459-unit EVOKE.
Houston Community Lands $65M Refi
JLL arranged a seven-year, fixed-rate Freddie Mac loan for the 206-unit Hanover Southampton.