Finance & Investment
Berkadia Brokers Sale of 261 Units in the Midwest
The company’s Chicago investment sales team facilitated two deals involving the 128-unit Franklin Park Apartments in Milwaukee and Highland Pointe, a 133-unit multifamily property in Indianapolis.
Tower 16 Capital Partners Buys Inland Empire Community for $63M
The value-add investment and management firm purchased the 352-unit asset in Colton, Calif., from FPA Multifamily and will invest an additional $4 million in renovations and upgrades.
Student Housing Portfolio Lands $92M Loan
Aspen Heights and Safanad secured the financing for three properties totaling 1,653 beds in Iowa, Texas and South Carolina.
Berkadia Originates $80M Refi for Florida Asset
The new seven-year, fixed-rate loan with three years of interest-only payments replaces an $80 million floating-rate loan Berkadia secured in 2018 for Advenir’s 540-unit property in Palm Beach Gardens.
Advenir Secures $191M for Three-State Portfolio
The investment firm acquired six residential communities totaling 1,843 units in Alabama, Colorado and Texas. HFF arranged the financing in the deal.
Rincon Partners Enters Charlotte Market
Greystone provided a $13 million Fannie Mae loan for the acquisition of a 144-unit property that changed hands for more than $19 million.
Boston-Area Community Lands $30M Financing
Working on behalf of Forest Properties, American Street Capital arranged the loan for the 111-unit Barclay on Beacon in Brookline, Mass.
Tampa Bay Luxury Community Trades for $80M
The 180-unit high-end residential property in Sarasota has obtained one of the highest prices per unit ever achieved in the Florida multifamily market.
Security Properties, Rockwood Capital Acquire Seattle-Area Asset
Taluswood in Mountlake Terrace is one of the largest garden-style apartment communities north of Seattle and will be managed by Security Properties Residential.
Little Rock Community Lands $36M Loan
The new, 294-unit community developed by Huffman & Co. received the 12-year financing from Fannie Mae’s Delegated Underwriting and Servicing (DUS) program. Greystone originated the transaction.