Finance & Investment
CWS Community in Duluth, GA, Trades for $52M
The seller, CWS Capital Partners, acquired the 323-unit Class A property in Atlanta’s northeast suburbs from Paces Properties in 2013 for $12.2 million.
Morgan Properties Lands $91M Multifamily Portfolio
Constructed between 1969 and 1979, the four communities in and near Nashville, Tenn., total 826 units. The buyer took a nearly $75 million Fannie Mae loan to finance the acquisition.
Phoenix Asset Sells for $49M
Knightvest Acquisitions purchased Siena on Baseline Apartments from P.B. Bell Cos. The 352-unit community includes three pools, covered parking and a playground.
Champion Real Estate Secures 2 CA Communities
The company expanded its Tri-Cities holdings with its acquisition of a 36- and 26-unit property, both located in Glendale.
AR Community Changes Hands
Sun Holdings Group has purchased the newly completed 308-unit Uptown Fayetteville Apartments+Shops free of debt from Specialized Real Estate Group.
Greystar Brings European Platform to France
The company will open a Paris office, led by Directeur Général for France Hideki Kurata. His team will focus on building a portfolio to include both student and multifamily properties.
Luxury Student Housing Asset in Austin Changes Hands
CBRE’s Jaclyn Fitts, William Vonderfecht, Casey Schaefer, Charles Cirar, Michael Wardlaw and Colin Cannata completed the sale, while Ben Roelke together with Ian Walker arranged the financing.
New Tax Incentives for Workforce Housing
A veteran tax consultant explains how the newly created Qualified Opportunity Zones offer incentives to provide workforce housing in economically distressed areas.
VA Community Trades for $47M
Hivernan Realty Group acquired Aden Park & Glenway Green, a 538-unit value-add asset in Richmond, from Dominion Associates.
HFF Supplies $114M for SF Properties
Mosser Capital’s portfolio includes 455 units and 13 ground-floor retail suites. The properties are located near mass transit and employment centers.