Finance & Investment
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.
Waterton Buys San Francisco-Area Community
The seller, Kennedy Wilson, earned nearly $65 million for the 260-unit multifamily asset, more than double the acquisition price in 2006.
National Property REIT Trades Jacksonville Community
Laguna Point Properties acquired the 204-unit Class B multifamily asset for nearly $25 million, financed with a $17.4 million acquisition loan.
Upscale Atlanta Senior Housing Project Receives Financing
SunTrust Bank provided $86 million in financing for a new luxury senior housing property that is being developed by Village Park Senior Living.
Ground Lease for LA-Area Property Changes Hands
A private investment group purchased the ground lease on a 138-unit multifamily community in Whittier, Calif. The Mogharebi Group represented both parties in the deal.
Tampa-Area Community Secures $12M Refi
Berkadia has arranged the refinancing of a 148-unit property located in Lakeland, Fla., on behalf of the borrower, Capital Pensam. The loan was secured through Freddie Mac.
Another Condo Deconversion in Chicago
CBRE’s Sam Haddadin and Dan Cohen represented the condo association in the $27.2 million transaction in Edgewater Beach. The price-per-unit surpassed market value.
NRP Group Secures $29M for San Antonio Development
PGIM Real Estate Finance arranged the financing for the development of the 330-unit mixed-use project that also includes a 600,000-square-foot office building.