Finance & Investment
Hampton Roads Community Trades for $30M
Robinson Development Group sold the 183-unit property located in Chesapeake, Va. Built in two stages, Cottage Trails at Culpepper Landing came online in 2015.
Louisville Property Receives $20M Refi
Berkadia South Florida’s Senior Managing Director Charles Foschini and Managing Director Christopher Apone arranged the loan on behalf of property owner CAPREIT.
AHC Starts Work on $100M VA Affordable Project
An outdated property in Arlington will be transformed into a 256-unit community. The redevelopment is expected to be completed in 2020.
Manhattan Luxury Condos Land $168M
The Continuum Co.’s Madison Square Park Tower recorded intense sales activity, with 58 out of 83 units already sold for a combined $400 million.
Capital One Originates $37M for 2 AL Properties
The communities include the 336-unit Grand Reserve at Phenix City and the 224-unit Southern Oaks Apartments in Mobile.
SoCal Community Sells for $5M
Stepp Commercial brokered the sale of the property located in the Bixby Knolls neighborhood of Long Beach, Calif.
Suburban Phoenix Community Receives $17M
HFF represented the partnership between Western Wealth Capital and an MDC Realty Advisors USA Inc.-managed fund. CIT Bank provided the five-year loan.
Maxus Realty Trades AR Community
The buyer funded the acquisition of the 88-unit market-rate property with a $3.8 million Fannie Mae loan secured by Dougherty Mortgage.
Titan Real Estate Sells Suburban Atlanta Apartments
This is the second multifamily sale completed by Titan this week to have been previously owned by Ares Management.
Cushman & Wakefield Arranges $78.3M Portfolio Sale
Blue Rock Partners bought communities in Alabama, Georgia and Mississippi from Varden Capital Partners.