Finance & Investment
Marcus & Millichap Brokers San Diego-Area Buy
Chris Zorbas, senior managing director with Marcus & Millichap, represented the seller in this deal, while ACI Principal Terry More worked on behalf of Paolo & Elisa, the buyer.
ACI Arranges Sale of Small San Diego Community
Principal Terry Moore represented the buyer, while South Coast Commercial Vice President Ben Vogelsang worked on behalf of the seller in this $1.6 million deal.
Praedium Group Snags Houston Community
Discovery at Mandolin comprises 260 units and access to a dog park, a fitness center and a cybercafe. The property is set to undergo capital improvements.
South FL Value-Add Property Sells for $44M
ARA Newmark’s Vice Chairmen Avery Klann and Hampton Beebe, together with Director Jonathan Senn, worked on behalf of the seller in the transaction.
Greystar-Led Fund to Acquire EdR for $4.6B
Blackstone also factored into the deal, forming a joint venture with GEdR to purchase approximately 10,500 beds across 20 assets for $1.2 billion.
Alliance Property Gets LIHTC Funding for Affordable Housing in Vegas
The 72-unit Owens Senior Apartments will receive sustainable upgrades, and the rehab should be complete in early 2019.
SVN Brokers MD Student Housing Sale
The 48-bed community dubbed The Allston features a mix of studio and one- to three-bedroom units that serve students attending Johns Hopkins University.
HFF Secures Construction Loan for OR Mixed-Use Asset
Guardian Real Estate Services’ Milwaukie development will include 110 units, 7,500 square feet of retail space and 78 parking spaces.
2018 NAA Conference Coverage
Speakers at the 2018 National Apartment Association’s Apartmentalize tackled hot topics including affordable housing, marketing, the apartment demand, credit scores, cybersecurity and more.
Sterling Real Estate Expands Value-Add Portfolio with Phoenix Asset
Cambridge Court Apartments is a 286-unit community that traded for $24 million. The company plans to invest in improvements.