Finance & Investment
Suburban NY Community Receives $29 Refi
The KeyBank Real Estate Capital loan will pay off existing debt on Lewiston at Pheasant Run, a 179-unit community in Clinton.
Luxury TX Community Changes Hands
Berkadia’s Senior Managing Director Ryan Epstein and Director Jennifer Ray from the company’s Houston office arranged the sale on behalf of seller Alliance Residential.
Madison Residential Acquires Seattle Community
Opus Bank provided the buyer with more than $12 million in financing for the nearly $16 million acquisition. The 77-unit asset last changed hands in 2014 for $7.6 million.
Nuveen Real Estate Launches $550M Multifamily Fund
The new fund, which targets renters by choice, will focus on acquiring well-located multifamily rental properties with stable occupancies in top-tier cities.
Aulder Capital Pays $44M for MD Community
The previous owner implemented more than $7 million in capital improvements, which included renovating Walker Mill Apartments’ common areas and building systems.
Cottonwood Residential Sells San Antonio Asset
Working on behalf of the buyer, HFF arranged the acquisition loan for Legacy Heights. Annaly Commercial Real Estate Group provided the financing.
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.