Finance & Investment
Pacific Equities Sells Nashville Apartments
The acquisition of the 160-unit community marks the buyer’s fifth purchase in the metro since 2015. Berkadia provided the new owner with more than $11 million in Fannie Mae financing.
Tampa Bay Luxury Community Lands $45M Refi
Berkadia has arranged a 10-year Fannie Mae loan for the 227-unit multifamily property on behalf of a subsidiary of Primerica Group One.
San Mateo Community Sells for $26M
Marcus & Millichap’s Levin Johnston arranged the sale of the 38-unit property located within two miles of downtown.
Tides Equities Buys AZ Property for $40M
Berkadia arranged the sale of the 488-unit garden-style community located in Phoenix, approximately 10 miles from downtown. The brokerage firm represented the seller in the transaction.
Western Wealth Capital Sells Phoenix-Area Property
The 153-unit Verde Dimora traded for $27 million, or roughly $177,000 per unit. A team from IPA represented the seller and procured the buyer.
Origin Investments Closes Recap of Orlando Community
The company acquired an interest in Rosehill Preserve, a recently renovated 20-building residential community encompassing 396 units.
Newly Completed Houston Community Receives $28M Refi
Leon Capital Group will use the financing to retire an existing construction loan from Bank OZK for their 220-unit 1711 Caroline community.
St. Louis-Area Assisted Living Communities Change Hands
Cedarhurst Living partnered with Triloma Seniors Housing on the acquisition of two properties totaling 135 units in Madison County. Cedarhurst will manage the communities.
JLL Income Property Trust Grows Portfolio
The company paid $81.8 million for a 280-unit luxury asset located in Bothell, Wash., a Seattle suburb. The acquisition brings the company’s aggregate apartment allocation to more than $820 million.
NorthMarq Arranges $19M Refi for Seattle Community
The 10-year, fixed-rate loan was given to J.B. Matteson Inc. for the 124-unit Greenhouse Apartments, a LEED Silver-certified property.