Finance & Investment
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.
JLL Arranges Sale of San Antonio Community
The 164-unit Whispering Hills is located in the northeast section of the city. The transaction involved a $12.8 million loan originated by Ready Capital.
Audubon JV Acquires Atlanta Apartments
The 250-unit Class B community fetched a $25 million price tag, with Walker & Dunlop securing acquisition financing for the buyer.
Nashville Community Sells for $80M
Crescent Communities sold the newly built 275-unit multifamily asset to Dinerstein Cos., with the property’s 2.1 acres of land selling to iStar.
HFF Arranges $21M Loan for CO Senior Housing
The firm secured 10-year, fixed rate financing through Freddie Mac’s CME Program for The Avenues Crofton Park, located in Broomfield.
Tampa Portfolio Changes Hands
Franklin Street arranged the sale of a two-property portfolio comprising 32 residential units, located approximately 9 miles from downtown Tampa.
Lion Real Estate Exits San Diego
Woodspear Properties paid more than $23 million for the 84-unit Class B community, while assuming the outstanding balance of a $15 million loan from the seller.
Praedium Group Expands Jacksonville Footprint
The firm has almost doubled its profile in the city with the nearly $47 million acquisition of the 246-unit luxury community.
Essex Realty Sells Chicago Community
Partners Jim Darrow and Jordan Gottlieb represented the seller, JAB Real Estate, in the $24.5 million 1031 exchange transaction.