Finance & Investment
Broadtree Acquires $138M Portfolio
The company purchased 1901 S. Charles and 2 E. Wells in Baltimore, as well as The Overlook in Camp Hill, Pa. After closing, Broadtree now has a property base of nearly $350 million.
L5 Investments, BH Equities Sell Houston Asset
GVA Real Estate Group has acquired the Huntington Glen Apartments, a 364-unit community that includes two pools and a playground.
Columbus Community Changes Hands
The buyer took out a 10-year Freddie Mac acquisition mortgage to finance the transfer. Pinnacle Financial originated the loan.
OH Community Lands Refi
Trilogy Real Estate refinanced the 292-unit Class B asset with a $28.2 million Fannie Mae loan originated by CBRE Capital Markets.
Cushman & Wakefield Brokers $33M Charlotte-Area Sale
Jordan McCarley, Marc Robinson and Watson Bryant of the company’s Southeast Multifamily Advisory Group facilitated the disposal of Fountains at Mooresville Town Square, a 227-unit community in Mooresville, N.C.
Greystar Acquires 273-Unit Portland Community
Indigo at Twelve West is a LEED Platinum certified mixed-use community in the West End submarket. The property also includes 10,000 square feet of retail and 86,000 square feet of creative office space.
Related Cos. Closes on 7,000+ Affordable Units in 16 States
The company acquired the 51-property portfolio from Aimco and plans to preserve the communities.
On the Market: 5 Interesting Listings for the Week of 7/23
This week’s listings include a spacious community in west Portland, a 196-unit community just outside of central D.C. and more.
Grandbridge Real Estate Capital Arranges $21M Refi for VA Property
The 180-unit Stuart Hill Apartments in Winchester was recently renovated and includes a pool, a tennis court and on-site maintenance.
Luxury Denver-Area Community Lands $119M
HFF arranged the five-year, floating-rate loan to replace the existing construction financing for The Forum Fitzsimons, a 397-unit mixed-use property in Aurora.