Finance & Investment
Passco Acquires KY Apartments for $62M
The Dobbins Group sold the 306-unit, Class A+ community, which is integrated into The Summit at Fritz Farm, a master-planned, mixed-use development in Lexington.
Long Island Multifamily Portfolio Changes Hands for $473M
Fairfield Properties, with a $100 million preferred equity investment from FCP, acquired the seven properties from Lone Star Funds.
Bridge Investment Group Buys Senior Housing Portfolio
Located in Alabama, Florida, Georgia and Tennessee, the eight communities encompass 887 units with a total occupancy rate of 92 percent.
AvalonBay Buys Denver Property for $91M
The newly completed asset includes more than 300 luxury units. The community is located 20 miles from downtown Denver, in the Arapahoe-East submarket.
San Antonio-Area Community Lands Refi
Constructed in 1974, the 333-unit property in Universal City is located less than 20 miles from the metro’s core. JLL Capital Markets represented the owner.
Denver-Area Student Housing Lands $64M Freddie Mac Loan
KeyBank Real Estate Capital arranged the financing for an 899-bed property at Colorado State University in Fort Collins, Colo.
Greystone Provides $58M Bridge Loan for San Antonio Property
The financing will enable the borrower, DeBartolo Development, to pay off the initial construction loan and preferred equity for Infinity at the Rim.
Affordable Property Opens in Southern WI
Royal Capital Group owns the 94-unit community in Madison. UnitedHealthcare and WHEDA invested a combined $16.4 million in the six-building project.
Bascom Arizona Ventures Acquires Tempe Community for $89M
Tempo at McClintock Station offers 423 units, as well as access to a fitness center and two swimming pools. The property will be managed by MEB Management Services.
TruAmerica Multifamily Sells Suburban Seattle Community
The buyer of the 249-unit Class B asset funded the acquisition with a $30 million Freddie Mac loan originated by CBRE.