Finance & Investment
Phoenix-Area Community Changes Hands for $19M
Real estate private equity firm WhiteHaven Capital acquired Ridgepoint Apartments, a 164-unit property in Glendale, Ariz. The six-building asset was built in 1986.
Boca Raton Luxury Tower Secures $225M Loan
The financing will be used to complete the Mandarin Oriental-branded condo project within the mixed-use Via Mizner development.
Suburban KC Community Changes Hands
Block Real Estate Services and Thackeray Partners took out a $40 million Fannie Mae loan to finance the acquisition of the 408-unit Barrington Park Townhomes in Lenexa, Kan.
South FL Luxury Condos Score $75M in Financing
The 48-unit, 103,700-square-foot project will be part of the Ocean Reef Club in Key Largo. The development team includes Peackock + Lewis as main architect and Craft Construction as general contractor.
JPMorgan Chase’s Head of CRE: Prepare for a Correction
Al Brooks discusses the impact of competition and technology on multifamily financing and the types of developments that are attracting the most attention from lenders.
CRA, Roxborough Group Sell Las Vegas Portfolio for $138M
The three apartment communities have a total of 1,194 units and were owned by the joint venture for almost three years.
Phoenix Community Changes Hands for $57M
InterCapital Partners picked up the 561-unit multifamily property from value-add specialist 3rd Ave Investments, which bought the asset back in 2016.
Bay Area Properties Sell for $25M
Marcus & Millichap’s Levin Johnston brokered the sale of Village Drive and Carlmont Park Apartments, two communities encompassing a total of 52 units in Belmont, Calif.
Metro LA Community Changes Ownership in $21M Deal
MWest Holdings financed the acquisition of Harbor Terrace with a $15.8 million loan held by Prime Finance Partners. The new owner will renovate and rebrand the asset.
Western Wealth Capital Buys 504-Unit Dallas-Area Community
Berkadia originated a $48 million, Freddie Mac acquisition loan for the new owner. The company intends to implement a five-year, value-add improvement program at the property.