Finance & Investment
Berkadia Secures $15M for Kansas City Community
Managing Director Andy Ahlers arranged the 15-year Fannie Mae loan to refinance a 234-unit Class B property in Independence, Mo.
IMT Capital Buys Denver Apartments for $120M
CBRE provided nearly $75 million in Freddie Mac financing for the 472-unit multifamily acquisition, the market’s largest single-property deal this year.
Halfpenny Management Picks Up Lehigh Valley Community
Birchwood Commons, a 96-unit residential property in Bethlehem, Pa., was completed last year. A Berkadia team orchestrated the sale and arranged the acquisition financing.
Miami Community Scores $24M Construction Loan
The planned 192-unit apartment building will rise in the Allapattah neighborhood. Berkadia secured the 3-year, floating rate loan for the future development.
KETTLER Pays $119M for Raleigh-Area Apartments
Pacific Life Insurance provided the buyer of the newly completed 493-unit Class A multifamily asset with $76 million in acquisition financing.
Terra Group Scores $91M Refi for South Florida Community
The recently completed, 387-unit luxury property forms part of Pines City Center, a master-planned village in Pembroke Pines.
$80M Luxury Project Coming to St. Louis Metro
NorthMarq arranged $54.5 million debt and joint venture equity financing for the construction of Wildhorse, an upscale mixed-use property in the St. Louis suburb of Chesterfield, Mo.
Newmark Knight Frank Closes $59M Orlando-Area Sale
Senior Managing Director Scott Ramey and Executive Managing Director Kevin Judd represented Centennial Holding Co. in the disposition of the 304-unit luxury community.
Seattle-Area Community Commands $56M
RISE Properties Trust and Aegon Real Assets US partnered to acquire the 236-unit property in Federal Way, south of Seattle, with plans to restore and reposition the aging property.
Spectrum Sells Charlotte Apartments for $63M
The sale of the 322-unit Class A community is the seller’s second disposition of a recently delivered asset in the Carolinas this summer.