Finance & Investment
Orlando Garden-Style Community Sells for $63M
Priderock Capital Partners purchased the 356-unit property, expanding its South Atlantic portfolio. Newmark Knight Frank represented the seller and originated acquisition financing for the buyer.
Greater Phoenix Community Commands $35M
Aukum Group sold the 168-unit property, which provides easy access to the Scottsdale Airpark, the Kierland Employment Corridor and South Scottsdale. IPA represented the seller and procured the buyer.
Q&A: How Venn Is Reinventing Neighborhoods
Or Bokobza, co-founder & CEO of the Israeli proptech startup, talks about the firm’s business model after scoring $40 million in funding from backers including the New York State Common Retirement Fund.
KY Community Trades for $14M
Vazza Real Estate Group purchased the 292-unit multifamily property in Louisville, with HFF securing acquisition financing through Starwood Mortgage Capital.
Tampa Rental Property Commands $60M
Axonic Properties acquired the asset from Sachs Cos. for the equivalent of $170,624 per unit, with JBM Institutional Multifamily Advisors facilitating the deal.
HFF Arranges $46M Fannie Mae Loan for Denver Community
Griffis Residential used the financing to acquire Talavera Apartments, where it plans substantial upgrades to everything from unit interiors to overall management and service.
Affordable South Boston Community Receives $33M Loan
MassHousing closed on the financing, as Madison Park Development Corp. aims to extend Haynes House’s affordability and begin significant renovations at the 131-unit property.
Mexican Developer Secures $313M for Investment Vehicle
Gran Ciudad Group will expand its multifamily rental portfolio with equity commitments from Canadian investor Ivanhoé Cambridge and pension fund manager Citibanamex Afore.
NorthMarq Arranges Refi for Cincinnati’s Lytle Tower
Senior Vice President Noah Juran negotiated the loan on behalf of Rookwood Properties, the owner of the 11-story Lytle Tower.
Berkadia Secures $104M Loan for NYC Skilled Nursing Facility
Managing Director Richard Price and Senior Director Gemma Geldmacher secured the financing for Workmen’s Circle Multicare Center in the Bronx.