Finance & Investment
Salt Lake Community Changes Hands
Nitya Capital is the new owner of the 151-unit Class B community in the city’s downtown, after funding the purchase with more than $27 million in acquisition financing.
Promark Buys Baltimore-Area Community
The firm acquired the 54-unit Class B community in Glen Burnie, Md., for more than $7 million, using a $6.1 million acquisition loan.
Lincoln Avenue Enters Baltimore Market
The buyer financed the roughly $14 million purchase of the 321-unit fully affordable community with a $14 million acquisition and development loan.
Trez Forman Provides $49M Loan for South Florida Project
The 15-story, 247-unit luxury multifamily property in Hollywood, Fla., is moving forward under new ownership after it was stalled for several years.
CBRE Facilitates $47M Transaction in Denver
David Potarf, Dan Woodward, Matthew Barnett and Jake Young represented seller FPA Multifamily. Velo Apartment Homes encompasses 240 units across 10 mid-rise buildings.
Lincoln Avenue Expands Orlando Footprint
The firm paid more than $6 million for the 121-unit fully affordable multifamily asset, with SunTrust Bank providing acquisition financing.
JV to Invest $1B in European Coliving Expansion
Medici Living Group and Corestate Capital Holding S.A. have teamed up to develop 35 new projects totaling 6,000 units over the next three to five years. A major U.S. expansion is expected to follow.
Orlando Luxury Asset Commands $65M
Redwood Capital Group acquired the recently opened 289-unit property from LeCesse Development, assuming the remaining balance of the developer’s construction loan.
Sacramento-Area Community Changes Hands
MJD Capital Partners paid more than $8 million for the 66-unit, Class C multifamily asset, situated 10 miles northeast of the city’s downtown.
Greystar Acquires Atlanta Community for $60M
Balfour Beatty earned a 30 percent return on the 437-unit multifamily asset, which it purchased from Resource Real Estate in 2016.