Finance & Investment
Walker & Dunlop Secures $82M for 2 in Metro Dallas
Madera Residential, owner of the assets in Garland, Texas, will reposition the 35-year-old properties. A major selling point for prospective residents: proximity to Bayside, a $1 billion master-planned, resort-style development.
$204M Chinese Project Attracts US, German Capital
Century Bridge Capital and Deutsche Finance Group are investing in the 1,427-unit community, which will be located in Xuzhou, a northeastern gateway city between Beijing and Shanghai.
Marquette Cos. Scores $56M for Chicagoland Deal
HFF facilitated acquisition financing for Willow Creek, a 14-building community in Elk Grove Village, Ill. Calling the property “a diamond in the rough,” Marquette plans extensive upgrades.
Greysteel Arranges Trade of Dallas-Area Community
Managing Directors Doug Banerjee and Boyan Radic, Senior Investment Associate Andrew Mueller and Investment Associate Andrew Hanson negotiated the sale of the 281-unit property.
Portland-Area Community Lands $26M Loan
Alden Apartment Homes, a 210-unit property in Tualatin, Ore., has received a permanent, fixed to float loan, secured by Grandbridge Real Estate Capital.
CBRE Brokers Sale, Financing of 171-Unit Affordable Asset
The Seattle-area community traded for $18.9 million. Tim Flint worked on behalf of the seller in the transaction, while Jim Flinn secured acquisition financing.
Las Vegas-Area Luxury Community Fetches $59M
JLL Managing Directors John Cunningham and Charles Steele arranged the sale of the 366-unit asset on behalf of The Bascom Group.
Westmount Sells 362-Unit Houston Community
The Beverly Palms has received $1 million in improvements over the past six years, including a newly painted exterior, architectural enhancements and updated common areas.
American Landmark Extends Southeast Reach
Continuing its expansion in the region, the company secured a four-property portfolio of communities in Florida, Georgia and South Carolina.
NorthMarq Arranges Refi for OC Community
The Sares-Regis-owned Aliso Creek Apartments in Aliso Viejo includes 535 units, three spas, 866 parking spaces and a cyber cafe.