Finance & Investment
NHI Venture Buys Senior Housing Portfolio for $128M
The REIT has teamed up with affiliates of its existing tenant, Discovery Senior Living, to acquire six communities across three states, totaling nearly 600 units of independent and assisted living and memory care facilities.
Phoenix-Area Community Trades for $34M
Virtú Investments sold La Costa at Dobson Ranch, a 194-unit community in Mesa, Ariz. The new owner financed the acquisition through a $22.2 million Freddie Mac loan.
TLC Management Acquires Chicago-Area Apartments
HFF marketed Prairie Winds, a townhome-style community in St. Charles, Ill., on behalf of the seller. The property was completed last year.
StoneBridge Investments Expands Atlanta Footprint
The company acquired a 196-unit property in the Atlanta suburb of Sandy Springs, Ga., from an affiliate of The Milestone Group.
Taurus Buys Tampa Community for $43M
The private equity firm scooped up the 280-unit asset for its new value-added multifamily fund. Providence Management Co. sold the property located in the Carrollwood neighborhood.
Standard Communities to Renovate 128 Affordable Units in the Bay Area
The company acquired Parkside Villa Apartments and Rockwell Manor Apartments in Fairfield, Calif., and intends to invest $7 million in upgrades at both properties.
Colorado Portfolio Sells for $207M
Inland Private Capital Corp. sold the three properties totaling 855 units on behalf of an IRS Section 1031 investment program, bringing liquidity to more than 240 investors.
Trio of Midwest Communities Commands $100M
With this acquisition, The Habitat Co. enters the Minnesota market while expanding its multifamily portfolio in Michigan to more than 2,500 units.
Bentall Kennedy Buys $110M Denver Community
The company acquired the LEED Gold-certified, 338-unit asset on behalf of its U.S. core fund, as the city’s economic growth drives a robust multifamily market.
Berkadia Arranges HUD Loan for Midwest Portfolio
Millennia Cos. will use the $34.3 million financing for substantial renovations to a pair of apartment communities in an Illinois city on the Iowa border.