Finance & Investment
Phoenix-Area Community Changes Hands in $23M Deal
NorthMarq Capital arranged a $16.5 million loan from Freddie Mac on behalf of the buyer.
Revamped Seattle Community Traded for $17M
Kidder Mathews brokered the sale of Roxborough Apartments, while Commerce Bank of Washington provided financing.
Mack-Cali Lands $300M for Jersey City Tower
The REIT has secured financing to build a 750-unit luxury community five blocks from the waterfront.
Spaulding Group Buys Milwaukee-Area Property
Trike Property Management sold the 199-unit community after 15 years of ownership.
Berkadia Arranges $19M Financing for Charlotte Buy
Senior Director Brad Williamson and Senior Managing Director Mitch Sinberg secured the three-year, floating rate loan for the 202-unit asset.
Bluestone Acquires Chattanooga Property
The firm picked up 1400 Chestnut Apartments, a 200-unit asset located in the center of downtown.
JV Buys Virginia Property for $19M
The acquisition was funded with a $15.9 million loan provided by Argentic Debt Funds.
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.