Finance & Investment
Metro Atlanta Community Commands $19M
An affiliate of The Beach Co. acquired the 156-unit multifamily asset in Austell. The new owner will continue the interior unit upgrades started by the seller, Arcan Capital.
Suburban Chicago Community Receives $33M Refi
The loan will help stabilize Apex 41, a luxury community in Lombard, Ill. GlenStar Properties completed the 181-unit asset two years ago.
Tampa Community Trades for $44M
The 400-unit multifamily property sits on 25 acres in the Town ‘N’ Country neighborhood. Berkadia negotiated the deal on behalf of the seller and procured the buyer.
In Case You Missed It: MHN’s Top 5 Posts in June
Miss any of our articles? Catch up with five of our most popular posts for the month.
RK Properties Buys North Carolina Apartments
The purchase of Bainbridge Lake Crabtree in Morrisville represents the company’s second acquisition in the metro over the past two months.
WashREIT Wraps Up $461M Portfolio Buy
The REIT has closed on the $82 million purchase of two communities in the suburbs of Washington, D.C., totaling 428 units. The deal is the second tranche of a larger seven-property transaction.
UK Firm, Oxford University Partner in $5B Plan
A London-based financial services company and the university are teaming up to build homes for staff and students in and around Oxford.
Oakland Community Trades in All-Cash Sale
NAI Northern California represented the seller and secured the buyer in the 1031 transaction of the 44-unit Vermont Apartments located near Interstate 580.
Atlanta Affordable Project Breaks Ground
Atlanta Neighborhood Development Partnership and Laurel Street Residential began construction on Creekside at Adamsville Place, which is part of the city’s recently launched housing affordability action plan.
Affordable Boston-Area Community Receives $82M Loan
MassHousing provided the financing to the Cambridge Housing Authority, which plans to renovate Millers River Apartments in Cambridge.