Finance & Investment
CPC Scores $33M Fannie Mae Affordability Package
The New York State Housing Finance Agency also provided $20,000 per unit to fund capital improvements at the three properties.
Phoenix Realty, Hanover Acquire 2 Seattle-Area Properties for $79M
With a total of 361 units, Lake Meridian and Royal Firs were owned by the same investor and sold as a portfolio.
PCCP Extends $76M Loan for Los Angeles Buy
Bridge Investment Group sold the 306-unit community in Paramount, Calif., to a joint venture.
Griffis/Blessing Buys Colorado Springs Student Community
NorthMarq Capital provided the new owner of the 506-bed property with financing for the $34 million acquisition.
Positive Investments Trades Inland Empire Community
The buyer paid more than $14 million for the 120-unit property and plans to invest in capital improvements.
New Luxury Community in Queens Lands $61M Refi
Q-East sits in the Jamaica section of Queens and is the area’s first amenity-rich apartment building delivered in decades.
Essex Realty Facilitates Chicago-Area Sale
The firm brokered the sale of a 39-unit transit-oriented property located in Naperville, Ill.
CWS Capital Partners Pays $36M for Phoenix Community
The 160-unit Azure Creek at Tatum Ranch in Cave Creek last traded in 2015 for $23.3 million.
LaSalle Buys San Diego Property for $119M
The company has added a 330-unit asset to its portfolio located in the Rancho Bernardo submarket.
Jazz Age-Era Community Sells for $38M in Los Angeles
MWest Holdings sold the 170-unit property a few days after trading another one of its L.A. multifamily assets.