Finance & Investment
HSL Properties Adds 2 Assets in Tucson
The properties, which include the 144-unit Casas Lindas and the 224-unit Springhill Apartment Homes, were purchased for $37.4 million.
Lane Star Properties Snags $35M TX Community
Walker & Dunlop arranged $26.2 million in acquisition financing for the purchase of Edentree Apartment Homes in Carrollton.
Columbia Pacific Secures $243M for Senior Housing Portfolio
Capital One arranged the recapitalization and acquisition loan on behalf of the buyer for 18 properties across 11 states, totaling 2,310 beds.
East Bay Community Secures $13M Refi
Walker & Dunlop arranged the loan to retire the previous 10-year, $8.7 million Fannie Mae mortgage for Regency Plaza in Martinez.
Luxury Tower Trades for $131M in Downtown Denver
Northland Investment Corp. purchased the 31-story building as well as a 0.8-acre parcel for future development. The property was 93.4 percent occupied as of June.
San Diego Community Changes Hands in All-Cash Transaction
Located in the Little Italy neighborhood, the 40-unit luxury community traded for $21.3 million. The asset includes a 2,475-square-foot ground floor retail space.
Hunt Mortgage Provides $11M for Phoenix Community
The loan also includes a $1.6 million future funding commitment designated for capital improvements at the 104-unit Regency Park Apartments.
JV Nabs Apartments in Chicago’s Printers Row
Draper and Kramer and Intercontinental Real Estate acquired Burnham Pointe, which includes 298 units and 255 parking spaces.
PA Community Changes Hands for $12M
The transaction is representative of the strong demand for multifamily assets in the Harrisburg-Carlisle MSA, a growing alternative market, according to Rittenhouse Realty Advisors.
Sundance Capital Group Buys Phoenix Asset
The 90-unit garden-style community last changed hands in 2016. The new owner intends to bring additional interior and exterior upgrades.