Finance & Investment
McKinley Properties Sells 5 FL Assets
The portfolio encompassed 639 units across Gainesville, North Redington Beach, Pasadena and Daytona Beach. Berkadia worked on behalf of the seller and originated loans for the new owners.
Partially Affordable Community Changes Hands in Chicago
Renaissance North is in the city’s Old Town neighborhood and sold for $15.5 million. The building includes 59 units, with 18 set aside for low-income residents.
South FL Mixed-Use Asset Gets $20M Refi
Marcus & Millichap has secured a 10-year interest-only loan for a 144-unit luxury mixed-use property in the Fort Lauderdale market.
Class A Colorado Asset Trades for $67M
CBRE’s Dan Woodward, David Potarf and Matthew Barnett brokered the sale of North Main at Steel Ranch, a 228-unit property located in the Denver metro area.
In Case You Missed It: Top 5 Student Housing Stories
Catch up with some of our recent posts covering student housing, a hot real estate niche for investors globally.
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.