Finance & Investment
Vegas Community Trades for $14M
The seller, Strategic Realty Capital, had acquired the 146-unit Class C multifamily asset in 2010 as part of a 475-unit portfolio transaction.
Richmond-Area Community Commands $46M
Colliers International represented a joint venture between McCann Realty Partners and Artemis Real Estate Partners in the sale of the 294-unit Hickory Creek Apartments.
Austin Condo Project Scores $88M Loan
Pearlstone Partners and Newgard Development Group will use the construction financing to break ground on the 249-unit property in the city’s Rainey Street District by the end of June.
JV Gets $35M Refi for 604-Unit Portfolio
Auerbach Funds and Blue Magma Residential secured the loan with Greystone for a three-property multifamily portfolio located in the Southeast.
KeyBank Originates $66M in Financing for NY Senior Housing Assets
The lender’s Healthcare Group arranged a $45.8 million first mortgage and a $20.1 million first mortgage through Freddie Mac to refinance two properties.
Midwestern Markets Offer Best Risk-Adjusted Returns
Cities in Ohio and Texas dominated Compound Asset Management’s top-10 list of the most attractive metro areas as residential investment targets. California accounted for the four worst.
Exact Capital Rehabs 29 Central Harlem Properties
The firm teamed with Harlem Congregations for Community Improvement Inc. and received private and city funding to help pay for the $26 million in renovations.
Domain Communities Buys Dallas-Area Property
HFF marketed The Villas of Josey Ranch in Carrollton exclusively on behalf of the seller, a partnership between Harbert Management Corp. and Balfour Beatty Communities.
San Diego Community Gets $145M in Financing
Sunroad Enterprises secured the loan for Centrum Apartments Phase 6, a 442-unit residential building and the final phase in the Sunroad Centrum master plan.
Western Wealth Capital Acquires Phoenix Community
HFF arranged a $21 million loan on behalf of the buyer to purchase Serafina at South Mountain Apartments, a 183-unit property that was 99 percent leased at the time of sale.