Finance & Investment
The Snavely Group Buys 32-Building Cleveland Asset
Willogrove encompasses 384 units and is located in the city’s Willoughby submarket. The sale involved a $21.4 million loan held by First National Bank of Pennsylvania.
Avanath Buys Maryland Senior Community
Delivered in 2006, the 102-unit Victoria Park at Edgewater in Anne Arundel County traded for a little over $11.3 million.
Timberland Partners Expands Multifamily Portfolio
The transactions are the company’s fifth property in the St. Louis metro and first in the state of Arkansas.
Charlotte Community Trades for $46M
The 324-unit garden-style property changed hands with the help of a $31.2 million Freddie Mac acquisition loan arranged by Berkadia.
JV Acquires Denver Portfolio for $177M
Oak Coast Properties and BMC Investments will rebrand the properties as a single community serving workforce renters. HFF arranged a $120 million Freddie Mac acquisition loan for the three assets.
Freeman Webb Sells Nashville Apartments for $24M
NexBank provided the buyer with nearly $19 million in acquisition financing for the 192-unit multifamily asset in the East Nashville/Inglewood submarket.
New York City Luxury Tower Gets $215M Refi
The 450-unit residential building, the tallest tower in Queens, opened in 2017 and was developed by Heatherwood Luxury Rentals.
Alliance Residential Sells Luxury Phoenix Asset for $84M
The seller opened the 316-unit Class A community in summer 2018. Thrivent Financial provided the buyer with more than $50 million in acquisition financing.
North FL Value-Add Apartments Sell for $13M
NorthMarq Capital originated more than $8 million in acquisition financing through Freddie Mac for the purchase of the 100-unit Class B asset.
Cortland Buys Phoenix Community for $62M
Walker & Dunlop originated a nearly $55 million, 10-year acquisition mortgage through Freddie Mac for the 368-unit Class A property.