Finance & Investment
VA Community Trades for $8M
Built in 1981, Maple Ridge Apartments is located in Lynchburg, Va. and features 152 units. The asset was purchased by Aria Legacy Group.
TruAmerica, Blackstone Buy 2 for $127M
The joint venture has acquired two garden-style communities: the 319-unit Montair in suburban Denver and the 316-unit Walden Pond in suburban Seattle.
Hunt Mortgage Finances Acquisition of 202-Unit OH Property
Hamilton Real Estate Capital will use the $7.6 million Fannie Mae loan to purchase Sutton Square Apartments, a 29-building community in southeast Columbus.
GA Community Lands $48M in Refinancing
Overlook at Gwinnett Stadium is located seven miles from downtown Lawrenceville. Residents have a private walkway to neighboring Coolray Field.
Hunt Mortgage Provides Refi for 2 MI Affordable Properties
The $9.5 million investment in Joseph’s Run Apartments in Midland and Roxbury Court Apartments in Clio will be used to refinance both properties.
Miami Luxury Community Lands $102M Loan
Canyon Partners Real Estate LLC has teamed up again with ECI Group, providing a $102.3 million loan for the recapitalization of a two-tower luxury Miami community.
Miami Worldcenter Lands Additional Financing
The loan will be used to finance a portion of the project’s high street retail promenade as well as one of the primary parking garages.
Equus Capital Snaps Up $64M FL Apartments
The Reserve at Gateway, a 314-unit garden-style community in St. Petersburg, is 93 percent occupied.
Starwood to Buy $600M FL Affordable Housing Portfolio
The company plans to acquire some 6,185 units through this deal. Due to timing of regulatory approvals and the assumption of in-place financing, the transaction is expected to close in phases.
Luxury Boutique Manhattan Property Lands $50M
Aview Equities’ 23-unit community underwent a multimillion-dollar revitalization in 2013, including complete renovation of the residential units, the repositioning of the retail space and upgrades to the common areas and building systems.