Finance & Investment
Palm Bay-Area Community Sells for Record Per-Unit Price
The 100-unit asset traded for $148,000 per unit, a first in Brevard County for a 1980s multifamily property.
Cortland Sells Houston Portfolio
The company purchased the 250-unit Harbor View Apartments and the 234-unit Newport on the Lake in 2012.
FriedLam Partners Acquires North Carolina Portfolio
The 895-unit sale marks the largest portfolio transaction in the Charlotte market this year.
Class B & C Investors Circling Secondary, Tertiary Markets
With demand stronger than ever, competition is stiffest for older properties with potential.
Transactions: November 2019
A selection of noteworthy deals announced between Sept. 3 and Oct. 8.
Suburban Atlanta Community Scores $26M Refi
Greystone originated a 10-year Fannie Mae loan for a 257-unit community in Chamblee, Ga.
FCP Acquires Florida Portfolio for $86M
Avesta Communities sold the 682-unit collection of properties located in Lake Worth and Palm Springs.
Denver Community Scores $69M Recapitalization
The recapitalization will be used to fund existing bridge financing and restructure the capital stack of Loft 9 Apartments.
Hamilton Zanze Enters St. Louis Market
Once again partnering with Cantor Fitzgerald, the firm picked up the 160-unit Tribeca for $44 million.
New Jersey Community Lands $118M in Financing
A portion of the loan will be used to complete unit renovations at the 360-unit property in Essex County.