Finance & Investment
RADCO, Columbia Ventures Kick Off GA Development
The $30 million Foundry in Augusta will include 221 units and will open in the summer of 2019.
Mills Properties Trades St. Louis Community
Brass Enterprises picked up the 178-unit Class A luxury property, which opened in 2016 and includes a Whole Foods Market on the ground floor.
Positive Investments Buys CA Community
Keller Williams Commercial Studio City represented the company in its purchase of the 10-building, 86-unit property, located in Compton.
Main Street Residential Acquires $20M GA Property
The 214-unit View 75 in Marietta will be rebranded under the company’s Signature name and undergo a $2 million renovation.
Greystone Provides $36M for MI Asset
Gables of Troy, a 544-unit community in metro Detroit, will receive a HUD-insured Green Rewards refinancing loan. The 35-year mortgage carries a low, fixed interest rate.
Preferred Campus Communities Picks Up Texas Student Housing
The 808-bed asset, which was completely renovated by Haven Campus Communities in 2017, is located one block from Texas A&M University.
Stockbridge Snags $120M FL Community
Walker & Dunlop represented HG Management in its disposition of The Quaye at Wellington, one of the highest per-unit sales for a garden-style community in Florida.
Levin Johnston Directs $15M CA Sale
Old Adobe Management Co. sold the 30-unit Velocity at Sequoia Station in Redwood City. During its ownership, the company renovated and repositioned the property.
South Texas Asset Receives $40M Refi
Meridian Capital Group arranged the financing for Watermark Residential’s 324-unit property located in Corpus Christi. Israel Schubert, Peter Martz and Akiva Friend facilitated the deal.
Kidder Mathews Negotiates Sale of 24-Unit Community in San Diego
Located at 1770 Evergreen St., in the city’s Point Loma Heights neighborhood, the 1965-built property features a mix of one- and two-bedroom apartments.