Finance & Investment
Wood Partners Trades Phoenix Community for $64M
The transaction comes on the heels of the developer’s sale of another asset in the metro for $72 million.
Canada Launches New Affordable Housing Model
The federal government has invested $15 million in the innovative partnership that will back new projects in British Columbia and Alberta.
Tampa-Area Community Lands $29M Refi
JLL arranged the 10-year loan with Goldman Sachs for the 288-unit property in Port Richey, Fla.
Aspen Square Management Sells Sacramento-Area Apartments
A 114-unit community in Carmichael, Calif., traded for a record-setting $203,000 per unit.
Watermark Residential Scores $179M Refi
The Freddie Mac conventional loans will refinance a portfolio of four multifamily communities in Arkansas, Colorado and Texas.
Miami Luxury Community Commands $90M
AvalonBay Communities purchased the 314-unit asset less than a year after another major acquisition on the Florida coast.
IPA Represents Wood Partners in $72M Phoenix Deal
The sale of the 273-unit Class A community, completed in 2018, is the developer’s second disposition in the metro this year.
Tides Equities Makes $25M Value-Add Move in Phoenix
The new owner plans to invest $5 million in capital improvements to the 240-unit Class C multifamily asset.
Praedium Group Buys Orlando-Area Community
Pollack Shores Real Estate Group completed the 237-unit luxury community in Maitland, Fla., last year.
Waypoint Residential Scores $29M Refi
The financing will retire an existing construction loan for the 278-unit Estraya Westover Hills in San Antonio.