Finance & Investment
North Atlanta Community Changes Hands for $33M
As part of the deal, the new owner assumed a $17.8 million loan provided by Prudential Financial in 2014.
Greystone, Rittenhouse Join Forces
The two firms have entered into a joint venture called Greystone Rittenhouse Realty Advisors, will will primarily focus on the Northeast market.
Buchanan Funds $55M Construction Loan in SoCal
Serrano Development Group is building a 163-unit mixed-use residential and retail development in Azusa, Calif.
Cowles Co. Secures Financing for Washington Community
Originally developed in 1914, the 10-story building was repurposed for residential use in 2016.
Bluerock Purchases Luxury Phoenix Community
The 254-unit upscale property last traded in 2017 for more than $40 million.
Miami Community Changes Hands
CBRE arranged the sale of Shorecrest Club Apartments, located at the entrance of the metro’s Upper East Side and MiMo Districts.
Multifamily Cross-Border Investment Still Going Strong
Global investors from the Middle East and Canada are seeking stability in U.S. apartment assets.
Harbor Group Acquires Arizona Community for $66M
The new owner will invest $418,000 for improvements to the common areas and installing Nest thermostats at the Scottsdale property.
Transwestern, S2 Capital Sell DFW Community
The owners renovated and repositioned The Morgan, located in the suburb of Bedford, Texas, before its disposition.
Top 5 Markets for Multifamily Transactions in 2019
The metros on this list accounted for about a third of the nation’s total sales volume.