Finance & Investment
TruAmerica Sells Las Vegas Community for $72M
Solis at Flamingo comprises 524 units across 34 buildings. The asset recently underwent major renovations and at the time of the transaction was 94.1 percent occupied.
Pathfinder Snags 125-Unit Seattle-Area Community
The company purchased Astoria Apartments—located in the Fife submarket—for $18 million and is planning extensive renovations of the 36-year-old asset.
Republic Properties Acquires $78M VA Asset
CBRE arranged the sale of Crystal Woods of Alexandria, a value-add community that offers a fitness center, 25 laundry facilities and 450 parking spaces.
IPA Brokers 2,000-Unit TX Portfolio Deal
The Marcus & Millichap division represented the seller, a Canadian investor, and also procured the buyer. The portfolio traded for the first time in 28 years.
American Landmark Snags Dallas-Fort Worth Asset
A team from Berkadia’s South Florida and Philadelphia offices arranged $32.9 million in financing to purchase Advenir at Mansfield. The new owner intends to renovate the 334-unit property.
CA Property Sells for $16M
Avison Young has arranged the sale of the 28-unit property located in Culver City, approximately 10 miles from downtown Los Angeles.
Dalcor Holdings Secures $52M for Houston Affordable Housing
The company’s plan to acquire and restore the 805-unit Vista on Gessner is significant to the area because Hurricane Harvey caused damage to the housing stock.
Dougherty Closes Acquisition Loan for Minneapolis Asset
The company worked on behalf of the borrower to secure the 35-year term HID 223(f) acquisition and rehabilitation loan. The borrower will invest $34,000 per unit in upgrades.
In Case You Missed It: MHN’s Top 5 Posts in June
Miss out on any of our articles? Catch up with five of our most popular posts for the month.
Trion Properties Acquires $28M OR Community
The purchase of Pacific Crest in Tigard marks the firm’s 10th investment in the Portland area within the last three years, bringing its area portfolio to 700 units.