Finance & Investment
Odin Properties Trades Philadelphia-Area Community for $32M
The company picked up the asset for less than half the price back in 2014 and carried out extensive renovation and repositioning work.
Emma Capital Lands $64M Indianapolis Portfolio Deal
The three properties total 849 units and represent the first purchase the company completed in this market. Renovation work will begin once the final transaction closes.
Trinity Property Acquires $19M FL Community
Franklin Street’s Capital Advisors division arranged a 10-year Freddie Mac acquisition loan on behalf of the buyer, to purchase the 156-unit Villages at Laurel Meadows in Bartow.
Universe Holdings, Hanover Financial Buy $100M CA Community
The companies purchased Capes at Ventura, a 400-unit asset in Ventura, and plan on investing $6.5 million in upgrades.
Marcus & Millichap Sells $88M FL Portfolio
The Tripointe Value-Add Portfolio includes six properties for a total of 1,010 units across Central and North Florida.
Terra Properties Nabs St. Louis-Area Community
The firm financed the acquisition of the 128-unit market-rate asset with a $510,000 Fannie Mae loan originated by Dougherty Mortgage.
Greysteel Arranges $37M Multifamily Asset Sale
President & CEO Ari Firoozabadi and Senior Investment Associate Ari Azarbarzin represented the seller of the 417-unit Maryland property. The new owner plans to upgrade the 1964-built asset.
Interurban Trades NC Community for $13M
The 144-unit multifamily property is located in a western suburb of Charlotte and contains a mix of one-, two- and three-bedroom apartments.
HFF Secures $47M Loan for OR Luxury Property
Ira Virden, Mark Erland and Matt Benson of the company’s equity placement team worked on behalf of the developer to secure the loan.
8-Property ID Student Housing Portfolio Trades Hands
Marcus & Millichap secured the buyer and seller for the Rexburg properties, which are all near Brigham Young University-Idaho and include a total of 1,546 beds.