Finance & Investment
Student Housing Portfolio Trades for $250M
Landmark Properties was joined by Korean investors and Ocean West Capital Partners in the five-property acquisition.
Heitman Purchases Boulder Community
The global investment firm acquired the 161-unit asset for the reported price of $62.5 million.
Southwest Florida Community Commands $35M
Phoenix Bay Ventures has sold a 186-unit luxury property in Cape Coral. JBM Institutional Multifamily Advisors brokered the transaction.
Cortland Completes $1.2B Multifamily REIT Acquisition
The all-cash deal includes upward of 7,000 units in the Texas Triangle and Phoenix.
LIHTC Pilot Speeds Up Affordable Financing
A Tennessee affordable housing community catering to seniors and disabled residents became the first property financed by HUD’s Atlanta office under the new LIHTC Pilot program.
MG Properties Buys Arizona Community for $110M
Everest Holdings sold the 512-unit property in the Chandler submarket, which leads the Phoenix metro area in multifamily absorption.
Transactions: October 2019
A selection of noteworthy deals announced between August 14 and September 20.
Capstone Apartment Partners Brokers North Carolina Sale
Austin Green, Brian Ford, Alex McDermott and Caleb Troop represented the seller and procured the buyer. The new owner intends to renovate the 128-unit community.
Value-Add Jacksonville Community Sells for $14M
Newmark Knight Frank assisted InvestRes in the disposition of the 176-unit asset located in the St. Nicholas neighborhood.
Six Peak Capital Kicks Off $1B Co-Living Fundraise
The asset manager, which invests in communal living projects with Common, tapped Cushman & Wakefield to secure the debt and equity financing.