Finance & Investment
Top 10 Chicago Multifamily Transactions in 2017
Although relatively quiet for a gateway market during the first half of 2017, the city’s apartment sector picked up in the second half of the year, marked by several $100 million-plus transactions.
NYC Community Secures $155M Refi
RB Apartments’ Riverbank West, a 43-story high-rise in Manhattan’s Midtown West near the Hudson Yards development, includes a clubroom, a media lounge and a dining terrace.
Cushman & Wakefield Arranges $51M AL Sale
Hamilton Point Investments’ The Apartments at the Venue in Valley includes 618 units, three pools and a business center.
Resource Real Estate Grabs Atlanta Property
The 324-unit asset, situated in the city’s northwestern suburbs, includes a mix of one- to three-bedroom apartments across nine buildings.
Freddie Mac Prices $667M K-Deal
The seven-year, fixed-rate multifamily mortgages were put in place on behalf of 13 properties across the western U.S.
CIBC Provides $25M Construction Loan for Ft. Lauderdale Tower
Slated for delivery in 2020, the 46-level building known as 100 Las Olas is already one month ahead of schedule and projected to be the tallest of its kind in the city.
Audubon Enters Raleigh-Durham Market
The company acquired and rebranded a 501-unit Durham community and plans to invest $5 million in capital improvements.
E&M Management Buys 2 NY Properties
The two communities, located in Port Ewen and Kingston, traded for $44 million. The purchase was funded with a $33 million loan.
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.