Finance & Investment
Phoenix Asset Trades for $58M
PrivatePortfolio Group purchased the newly built Circa Central Avenue with acquisition financing originated by Nationwide Life Insurance Co.
Covenant Capital Pays $39M for Jacksonville Community
CBRE Capital Markets provided the buyer with a $31.4 million loan through Freddie Mac.
Morgan Properties Buys Pittsburgh Apartments for $29M
CBRE Capital Markets provided more than $20 million in acquisition financing through Freddie Mac.
Charleston Opportunity Zone Project Lands $128M in Financing
Woodfield Investments and Argosy Real Estate Partners received a $100.6 million senior loan for a 380-unit development. Phillips Realty Capital also structured equity investment funding for the project.
Lion Real Estate Spends $49M in Suburban Nashville
The 350-unit value-add investment marks the company’s third multifamily buy in the metro in the past 12 months.
Dougherty Mortgage Closes $54M Construction Loan
The financing will be used for the development of Sundance at Settler’s Ridge, a project in Woodbury, Minn.
Hamilton Zanze Continues Buying Streak
The firm’s latest purchase includes two properties in Columbia, Md., both of which will undergo capital improvements.
QUARTERS to Expand Brooklyn Footprint
The two new co-living spaces will come online in early 2020 in the North Williamsburg and Fort Greene neighborhoods.
Oden Hughes Trades North San Antonio Apartments
New York Life provided the buyer of the 312-unit luxury asset with a nearly $27 million loan.
Embrey Partners Sells Denver Property for $145M
The 382-unit community located at the entrance to the city’s West Colfax corridor is scheduled for completion next month.