Finance & Investment
Jacksonville-Area Community Changes Hands
AmveStar Capital paid more than $10 million for the 120-unit Class B community. The asset last changed hands in 2016 for $7.6 million.
European JV Closes $396M Student Housing Fund
A joint venture between Europa Capital and Generation Student held a first close after raising $132 million in new capital for the U.K.-focused fund.
North FL Community Sells for $54M
Newmark Knight Frank originated nearly $38 million in Freddie Mac acquisition financing for TruAmerica Multifamily, the buyer of the 272-unit Class A asset.
Q&A With Fannie Mae: Calm Waters, Clear Skies in 2019
Fannie Mae’s Kim Betancourt reflects on how interest rate fluctuations, peak supply and demographics will impact multifamily lending and shares her expectations for the year ahead.
San Diego Student Housing Changes Ownership
HFF worked on behalf of the seller, FPA Multifamily, which acquired the asset in 2015 from AIG Global Real Estate. The community serves San Diego State University.
Hunt Arranges Refi for 2 VA Communities
The company secured the 10-year term Fannie Mae loans for Fay Street and Fort Colliers. The properties total 150 apartments and are located in Winchester.
Coastline Management Group Buys Tampa Community
New York-based Eyzenberg & Co. structured and placed $6.9 million in equity with JCR Capital to finance the acquisition and the repositioning of the property.
CBRE Arranges $700M Refi for National Portfolio
The nine Class A+ assets in the Modera collection are owned by a partnership of Rockwood Capital Corp. and Mill Creek Residential.
Greystar-Led JV Acquires UK Student Housing Asset
The partners purchased the 458-bed Paul St. East property in London’s Shoreditch neighborhood from Apache Capital for more than $210 million.
2 Microunit Multifamily Assets Change Hands
Wilshire Capital Partners paid $23.4 million for two communities located in Seattle and Portland, Ore. CBRE negotiated the deal on behalf of the seller, East To West Capital.