Finance & Investment
Transactions: October 2018
The following is a list of transactions that were announced over the months of August and September, 2018.
Canyon Partners Provides $11M for CA Senior Housing
Griffin Plaza in Simi Valley will include 75 assisted living units and 26 memory care units, an arts and crafts room, a salon, and a juice bistro.
TriArc Properties Refinances 137-Unit Houston Asset
HFF’s debt replacement team secured the five-year, fixed-rate loan for 4 eighty West Parker from Green Bank.
How Nimble Lenders Can Be Late-Cycle Winners
Mordecai Rosenberg, president of Greystone, discusses how the firm differentiates its multifamily lending practice amid intensifying competition and where growth opportunities lie.
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.