Finance & Investment
Arcan Capital Picks Up Atlanta-Area Apartments
The 102-unit community, situated approximately 14 miles from Atlanta’s urban core, will undergo more than $2 million in renovations.
Wolff Sells Garden-Style WA Community
CBRE’s Northwest Multifamily Institutional Investment team marketed the sale of the 176-unit Badger Mountain Ranch community, located on the southern side of Richland.
DevMar Secures $36M for FL Community
The Vantage in St. Petersburg will include 211 units, as well as a rooftop pool, a fitness center and a yoga room.
Sage Equities Lands Atlanta Refi
Grandbridge Real Estate Capital’s Alan Tapie originated the nonrecourse refinancing package of more than $25 million, which will enable the owner to implement energy and water efficiency measures.
AndMark, Trinity Increase GA Footprints
The property, which contains a 115-unit mix of one- and two-bedroom apartments, sits on 18.3 acres approximately 10 miles south of Macon.
Talonvest Secures $7M Acquisition Loan
The firm arranged the loan on behalf of Multifamily Investment Partners for a 42-unit community in Van Nuys, Calif.
PAC Sells $43M Suburban Raleigh Asset
Built in 1997, the 328-unit Lake Cameron was the oldest property in the company’s portfolio, having most recently traded in 2006 for just above half the current price.
HFF Arranges Recap of OR Community
HFF Senior Managing Director Ira Virden and Director Carrie Kahn were part of the investment advisory team overseeing the recapitalization of the 208,247 square feet property.
Greystone Sells Stake in FL Community
Alta, property’s co-developer, acquired the remaining residential stake in 2500 Biscayne Blvd. in Edgewater, which includes 156 units.
Tampa Bay Development Receives $35M Loan
DevMar Development received the mortgage to construct The Vantage, a 211-unit property in the Edge district of St. Petersburg.