Finance & Investment
Boardwalk Properties Buys FL Community for $119M
The 394-unit asset will be renamed THE AVENUE, offering amenities such as two swimming pools, a three-level clubhouse and a yoga studio.
BSR REIT Acquires 334-Unit Community in DFW Region
The purchase of Riverhill Apartments in Grand Prairie, Texas, was the REIT’s third since its initial public offering on the Toronto Stock Exchange in May.
MHN’s Top 10 Posts from 2018
Miss out on any MHN articles? Catch up with our most popular posts of the year.
CAPREIT Lands $77M Refi for Midwest Portfolio
The assets include The Kensington at Beverly Hills in Michigan, Valle Vista Armes Apartments in Indiana, Greenway Chase Apartments in Missouri and Pointe West Apartments in Iowa.
Koreatown’s The View Changes Hands
MWest Holdings acquired the 168-unit luxury asset from CIM Group, which had owned it for more than five years, shortly after it underwent a $25.5 million redevelopment.
Richman Group Sells Denver Apartments for $112M
The purchase of Infinity LoHi marks the highest price per unit in metro Denver this year, at $409,340. The property offers a pool, fitness center and pet spa, among other luxury amenities.
DC Condo Asset Receives $35M Construction Loan
HFF represented the borrower, a partnership that intends to use the financing for the development of a 99-unit low-rise in the NoMa submarket.
Phoenix-Area Portfolio Trades for $67M
TruAmerica Multifamily has expanded its presence in Arizona’s capital with the purchase of a 472-unit portfolio in Tempe.
Wildhorn Capital Enters Austin Market
The locally-based multifamily investment firm completed its first transaction in the city by acquiring the 284-unit Reserve at Walnut Creek community.
NKF Closes $76M Sale of Luxury MD Property
Built in 2016, The James is situated in Annapolis, one of the region’s most desirable rental markets.