Finance & Investment
OC Community Changes Hands in 1031 Exchange
An Avison Young team brokered the sale of Sundance West Apartment Homes. The buyer assumed an existing loan with Chase Bank.
Freddie Mac Details Housing Finance, Economic Trends
Recently appointed Freddie Mac Vice President & Chief Economist Sam Khater, along with the GSE’s Vice President of Multifamily Research and Modeling Steve Guggenmos, discuss the decline in housing affordability and their organization’s efforts to address it.
VA Property Trades for $51M
Hasta Capital acquired The Residences at City Center, a 291-unit transit-oriented apartment community in Manassas Park. HFF’s investment advisory team represented the seller.
NYC Community Lands $53M Refi
Walker & Dunlop arranged the 12-year, fixed-rate loan on behalf of the developers, Quinlan Development Group and Lonicera Partners, for 153 Remsen in Brooklyn Heights.
Multifamily Value-Add Trades in Phoenix
A partnership between Thomas Pride International and Ecohouse Real Estate purchased Phoenician Villa Apartments, a seven-building asset comprising 93 units.
AMG Realty Trades 512-Unit NM Property
The buyer funded the acquisition of the Class C community with a $14.3 million Fannie Mae mortgage provided by Arbor Realty Trust.
Avison Young Arranges $16M Refi for VA Community
The 109-unit property in Arlington dates back to 1939. Three nearby metro stations and its proximity to Interstate 66 contribute to the asset’s accessibility.
Atlantic | Pacific Cos. Secures $40M TX Community
Avana Point in Fort Worth is set to be renamed The Atlantic Station and is the company’s 13th owned and managed asset in the Texas market, bringing its total portfolio to 4,271 units.
HFH Acquires $51M CA Property
Stepp Commercial represented both sides in the sale of Patio Gardens, a 127-unit community in Long Beach that will undergo an extensive renovation.
JV Pays $58M for Brand-New Iowa Apartments
Kimberly Development’s sale of the luxury 434-unit Autumn Ridge Apartments in suburban Des Moines will be completed in two phases.