Finance & Investment
Miami Luxury Community Commands $90M
AvalonBay Communities purchased the 314-unit asset less than a year after another major acquisition on the Florida coast.
IPA Represents Wood Partners in $72M Phoenix Deal
The sale of the 273-unit Class A community, completed in 2018, is the developer’s second disposition in the metro this year.
Tides Equities Makes $25M Value-Add Move in Phoenix
The new owner plans to invest $5 million in capital improvements to the 240-unit Class C multifamily asset.
Praedium Group Buys Orlando-Area Community
Pollack Shores Real Estate Group completed the 237-unit luxury community in Maitland, Fla., last year.
Waypoint Residential Scores $29M Refi
The financing will retire an existing construction loan for the 278-unit Estraya Westover Hills in San Antonio.
JPI Lands $80M Financing for LA-Area Project
With a combination of attractive amenities and competitive rents, the new community will target an unmet need in South Gate, Calif.
DMA Development Co. Announces New Mixed-Income Asset in Austin
Talavera Lofts will encompass 92 units, 90 of which will lease for rental rates affordable to households with incomes ranging below 30 to 60 percent of AMI.
Cushman & Wakefield Arranges $43M Sale of Southwest Florida Community
Executive Directors Nick Meoli and Mike Donaldson represented the seller, Symcor Capital Properties, in the disposition of a 312-unit community in North Port, Fla.
Central Nashville Apartments Get $43M Refi
Northwestern Mutual provided the five-year note to the developer of the 271-unit community, which opened its doors last year.
The NRP Group Expands Florida Footprint
The Cleveland-based company opened its 10th property in the state, a 274-unit market-rate community in Pinellas Park.