Finance & Investment
Clarion Partners Buy Tampa-Area Community
JBM Institutional Multifamily Advisors arranged the $54.5 million sale of West Port Colony, located in St. Petersburg, Fla.
Why Rehab is a Health-Care Niche to Watch: Report
Inpatient Rehabilitation Facilities are the fastest-growing part of the Post-Acute Care sector in the U.S., according to Colliers International.
Community in Vegas Opportunity Zone Sells for $64M
A joint venture between The Arden Group and GFO Cos. purchased the newly delivered, 215-unit student housing property.
Avanath Buys 288-Unit Orlando Community
The property, subject to a Land Use Restrictive Agreement, is the first acquisition for the company’s fourth affordable housing fund.
NYC Affordable Portfolio Lands $192M in Financing
A joint venture secured the fixed-rate financing to acquire and renovate 1,321 affordable housing units in Brooklyn.
Continental Realty Closes $211M Fund
The company’s fifth vehicle, which targets value-add multifamily and retail investments throughout the Mid-Atlantic and Southeast, has acquired a rental property in Raleigh, N.C.
Epoch Residential Sells 308-Unit San Antonio Asset
The deal is the first time the 2015-built community has changed hands. Nationwide Life Insurance provided the buyer with a nearly $27 million acquisition loan.
POAH Acquires Columbus-Area Multifamily Portfolio
The deal included Waggoner Grove, a partially affordable Class B suburban community with 175 units, and 50 condominiums in the area.
LA Apartments Buys San Fernando Valley Community
The firm has expanded its portfolio with the addition of a 100-unit property located in Pacoima, some 20 miles from downtown Los Angeles.
Tampa-Area Value-Add Community Sells for $18M
The 143-unit multifamily asset traded for almost double the price it sold in 2012. The new owner intends to upgrade and reposition the Class B property.