Finance & Investment
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.
Mill Creek Sells Seattle Luxury Community for $125M
The 288-unit deal marks the second-largest multifamily transaction to close in the metro this year.
Westside Capital Scores $25M Refi for Tampa Community
The borrower acquired the 240-unit property in 2018 from Michaelson Group for $21.2 million.
Northeast Seattle Project Gets $27M Loan
State Farm originated the financing for the development of Union Bay Place, a 98-unit community near the University of Washington.