Finance & Investment
GA Community Lands $47M Refinancing
Arbor Realty Trust extended the loan for 13Ten Apartment Homes, a 977-unit gated property built in 1988. Emerald Equity Group owns the asset located near Stone Mountain Park.
North FL Community Trades for $36M
Kimball Key LLC has received $27.1 million in financing for the purchase of Mandarin Apartments, a 401-unit garden-style asset in Jacksonville.
Upscale NJ Community Lands $115M Financing
New York Life REI originated the loan for The Harper at Harmon Meadow, a 469-unit luxury residential project opened last year at the Harmon Meadow mixed-use community in Secaucus.
CareTrust REIT Closes $211M Senior Housing Acquisition
The 12-property portfolio totals 1,734 beds across Louisiana and Texas. The seller is an affiliate of BM Eagle Holdings LLC.
CBRE Brokers 2 Orange County Sales
Senior Vice President Dan Blackwell facilitated the $14 million deal encompassing 44 units across two communities. Both assets represent value-add opportunities.
Next Wave Buys Nevada and Utah Communities
The company has expanded its portfolio with two properties located in Las Vegas and West Valley City, totaling 188 units.
GA Multifamily Asset Trades for $42M
Sterling Bridge Investment Partners has sold a 530-unit community located near Robins Air Force Base. Marcus & Millichap represented both parties in the transaction.
South Coast Commercial Buys NorCal Community
The firm financed the acquisition of the fully occupied Class B asset with a 15-year, $7 million mortgage from Banc of California.
Houston Apartment Community Changes Ownership
Located in the heart of Houston’s Energy Corridor, the Ashford Apartments was purchased by Allied Orion Group in its first multifamily acquisition in 19 years.
UBS Enters Affordable Housing with $248M Portfolio Deal
The bank’s asset management arm together with Avanath Capital Management formed a new fund for the 14-property, 2,085-unit multifamily portfolio. Most of the assets are located in California and Florida.