Finance & Investment
Newly Built Phoenix Community Scores $17M Refi
The 135-unit property came online last year and previously benefited from a $15.2 million construction loan funded by MidFirst Bank.
Virginia Community Trades for $43M
Blackfin Real Estate Investors purchased the 394-unit property in Portsmouth.
Wilmington Community Changes Hands in $7M Deal
River Commons Apartments received financing from Fannie Mae, while the Delaware State Housing Authority provided an additional subordinate debt loan.
Cortland Grows Charlotte Presence
The firm purchased The Adley at Bryton, which has been renamed and is located within the Huntersville neighborhood.
CBRE Arranges $19M Sale of Denver-Area Community
The 45-unit active adult community traded with the assistance of Dan Woodward, David Potarf, Matt Barnett and Jake Young.
MBP Capital Sells 346-Unit San Antonio Community
The buyer financed the acquisition of the multifamily asset through a $24.2 million Fannie Mae loan.
River Rock Capital Acquires 2 New Jersey Assets
Skyline Apartments and The Boulevard Apartments in Hasbrouck Heights total 338 units.
RADCO Trades South Carolina Community for $55M
Bridge Investment Group originated a three-year, $48 million acquisition financing package for the new owner.
Rastegar Property Co. Expands Portfolio in Texas’ Capital
The new owner plans to renovate and modernize the building’s exterior, as well as the interior of each condominium unit.
Oak Residential Trades 350-Unit Kansas City Community
Goldman Sachs provided the buyer with a $32 million acquisition loan for the Class B multifamily asset.