Finance & Investment
IN Affordable Assisted Living Facility Lands $17M Financing
Walker & Dunlop provided the 40-year construction loan through HUD’s Low-Income Tax Credit for Oasis at 56th that will feature 51 studios and 73 one-bedroom apartments.
Transwestern Brokers Sale of LA Luxury Asset
The property is located in Culver City, Calif., near Playa Vista’s entertainment and tech hubs. The brokerage company represented the buyer, a private investor, in the off-market transaction.
Investors Obtain $35M for AZ Acquisition
Western Wealth Capital secured the 360-unit Autumn Creek Apartments in Chandler. The property is currently 95 percent occupied.
2 GA Student Housing Assets Receive $30M Recap Loan
The properties operate as one community, total 366 units and serve students attending the University of Georgia, which is located three miles away.
IPA Sells 350-Unit TX Property
Executive Director Will Balthrope, Senior Director Drew Kile and Jordan Featherston brokered the transaction of the 1998-built multifamily property. Sendera Investment Group is the former owner of the community.
Marcus & Millichap Arranges Sale of Uptown Minneapolis Asset
Colfax Avenue traded for $1.4 million. GLT Partners’ Mox Gunderson, Dan Linnell, Josh Talberg and Abe Roberts acted on behalf of the seller and also secured the buyer.
Marcus & Millichap Brokers Sale of New FL Asset
The Alexander at Sabal Point is a 286-unit multifamily property in the Sabal Point community of Longwood. Casey Babb worked on behalf of the buyer in this deal.
Michigan Investor Buys Toledo Apartments
Jamestown Apartments 17 has obtained acquisition financing to buy the Jamestown of Toledo Apartments in Toledo, Ohio.
JV Debuts DC Affordable Housing
Developed by Somerset Development Co., New Community Partners and Jonathan Rose Cos., Portner Flats features 96 units and a playground, a fitness center and a community garden.
ARA Newmark Facilitates Orlando Luxury Asset Transaction
Director Scott Ramey, together with Executive Managing Directors Patrick Dufour and Kevin Judd, arranged the sale of Axis West, a new 268-unit community.