Finance & Investment
Greystar, Partners Close on $450M Rental Housing Fund
The multifamily giant and investment partners APG Asset Management, Bouwinvest Real Estate Investors and Macquarie will focus on top-tier Chinese markets.
NC Rental Property Trades for $21M
A local investor sold Village 1373 in Greensboro after more than 11 years of ownership. Hunt provided the buyer a $21 million acquisition and renovation loan.
JV Completes Sale of Atlanta Community
A joint venture of CF Real Estate Services and Origin Investments has sold Olmsted Chamblee, a Class A apartment community situated in the fast-growing and transformative Chamblee submarket of Atlanta.
CGI Strategies Acquires Orlando Community for $43M
The company will renovate and rebrand the 306-unit property, which was ordered vacated in 2017 after construction defects were discovered.
FPA Multifamily Trades Seattle-Area Asset for $71M
The transaction marks the buyer’s second acquisition in the Federal Way submarket in the past 12 months, bringing the firm’s Seattle-area portfolio to more than 600 units.
Suburban Atlanta Community Commands $35M
The acquisition of the 300-unit Class B multifamily asset, constructed in 1985, marks One Real Estate Investment’s first purchase in the metro.
Newly Completed Nashville Community Lands $40M Refi
The Giddings Group opened the 251-unit luxury asset in the city’s North Nashville/Bordeaux submarket in 2018. The new financing package pays down a prior construction loan from SunTrust Bank.
GSEs Sticking to Their Mission in Flat 2019
Fannie Mae and Freddie Mac are the leading source of multifamily mortgage originations. How do they foresee the market for 2019 and 2020?
Berkadia Facilitates $21M Fort Myers Transaction
ESG Kullen’s purchase of 186 units in a fractured sale secures the new owner’s control over the southern Florida condominium association.
FCP Expands Atlanta-Area Portfolio With $30M Buy
Hercules Real Estate Services sold the 210-unit Chroma Park in Austell, Ga. The new owner plans to invest in capital improvements on buildings, amenities and interiors.