Finance & Investment
Continental Realty, MLG Seal $54M Deal in Phoenix
The acquisition marks the third partnership between the two companies, which are planning a major renovation of the 408-unit property in Tempe, Ariz.
Dallas Community Commands $24M
Maravilla Apartments acquired the 310-unit property from DIJ Properties with financial help in the form of a $17.8 million Fannie Mae loan arranged by Dougherty Mortgage.
London Residential Project Lands $446M Loan
Regent’s Crescent is the first Grade I-listed property in the U.K. to receive approval for reconstruction. The HFF team worked on behalf of the borrower, which included Venture Capital Bank and Rassmal Investments.
Starlight Expands Multifamily Footprint in Toronto
The company added a 236-unit high-rise to its Canadian multifamily portfolio. Maeford Apartments will be managed on-site by MetCap Living Management.
LivCor Trades 288-Unit SoCal Asset
The company sold the Inland Empire asset for more than $63 million, with Capital One providing a Fannie Mae acquisition loan to the buyer.
Jevan Capital Sells San Antonio Community
The property encompasses more than 250 units and is located in the northern part of the city. The deal was subject to a $22.1 million Fannie Mae loan.
Affordable Cincinnati Community Changes Hands
Related Cos. purchased Alms Hill for $3.2 million. Originally completed in 1925, the 200-unit asset in Walnut Hills once served as a luxury hotel.
Berkadia Negotiates $42M Sale of SC Community
West Village Lofts is the adaptive reuse of the historic Brandon Mill, a former textile factory. The 117-year-old industrial property was transformed into multifamily in 2016.