Finance & Investment
Inland Real Estate Buys Phoenix Community for $56M
Santander Bank provided the buyer of the 225-unit property with more than $30 million in acquisition financing.
Related Group Seals Largest Multifamily Deal in Tampa Bay History
Olympus Property paid more than $131 million for the 21-story luxury asset in Tampa’s Harbour Island.
Berkadia Closes $30M Los Angeles-Area Sale
The 78-unit community known as Villa Grande Townhomes had a 92.3 percent occupancy rate as of September.
Starlight Investments to Buy $1.3B Canada Portfolio
Continuum Residential Real Estate Investment Trust agreed to sell its collection of 44 concrete high-rises, mainly in the Toronto area.
CAPREIT Acquires Delaware Community
Greysteel’s Ari Firoozabadi and Henry Mathies acted on behalf of the seller and procured the buyer for Vinings at Christiana.
Newark Affordable Housing Breaks Ground
The Michaels Organization and its partners began work on Somerset Brownstones, a $19 million development in New Jersey’s Central Ward neighborhood.
California Community Lands $39M Fannie Mae Green Loan
Fannie Mae originated the funds in August, when Afton Properties acquired the asset from Klingbeil Capital Management.
Northern New Jersey Community Sells for $40M
Santander Bank provided $29.4 million in acquisition financing for the purchase of the 123-unit community in Morrisville.
Dougherty Arranges Refi for San Antonio Community
The $14.9 million, 12-year Fannie Mae loan will be used to retire existing debt on the property.
Studio Management Services Acquires Las Vegas Properties
Laurel Park Apartments and Villa Del Rio Apartments sold for a total of $54 million.