Finance & Investment
New Jersey Workforce Housing Portfolio Sells for $146M
An international investor scooped up the seven communities totaling 1,035 units from Murnick Property Group, which has operated and maintained the buildings for the past half-century.
L+M, Invesco Partner for $1.2B NYC Housing Deal
The duo agreed to buy more than 2,800 market-rate apartments in Manhattan from Urban American and Brookfield Asset Management and will restore the affordability of more than 1,800 units.
Spectrum Sells Charleston Luxury Community for $51M
The 274-unit high-end property is within walking distance from the new Publix-anchored shopping center, part of Point Hope Commons. Capstone Apartment Partners negotiated the deal.
Orlando-Area Apartments Change Hands
JLL Capital Markets represented the seller, Epoch Residential, in its disposition of Maitland Station, a 293-unit asset in Maitland, Fla.
Bell Partners Buys Boston-Area Community
Vinnin Square Apartment Homes in Salem will be renamed and managed by the firm, bringing its current operations in the Boston metro to seven properties.
Davlyn Investments Buys SoCal Apartments for $60M
The 187-unit luxury community is the buyer’s latest Inland Empire acquisition, following the $35 million purchase of 125 units in November.
Goldman Sachs Partners with Core Spaces on $600M Portfolio
The partnership will recapitalize and develop nine student housing properties near major public universities in the South, West and Midwest, totaling more than 4,300 beds.
Vacasa to Buy Wyndham Vacation Rentals for $162M
Through the deal, the fast-growing vacation rental management platform will enlarge its portfolio by nearly two-thirds to 23,000 homes across four continents.
GAIA-Led JV Sells 300-Unit Houston Asset
The company initially purchased Cashel Springs in 2015 as part of a 1,376-unit portfolio, for $88.4 million.
First-of-Its-Kind Miami Community Gets $19M in Financing
Nonprofit Casa Familia and developer Atlantic | Pacific Communities got the green light to start working on Miami-Dade County’s first affordable housing community for adult residents with intellectual and developmental disabilities.