Finance & Investment
Northern FL Community Changes Hands
The 48-unit Tallahassee asset is located in the Providence neighborhood, half a mile from the city’s Innovation Park, and last traded more than a decade ago.
Quantum Capital Arranges $25M for LA Student Housing
City Park Apartments is near the University of Southern California and features 130 units and a subterranean parking garage.
PA Community Receives $9M Freddie Mac Loan
The borrower used the current loan to pay off debt service and prepayment penalty, while also recovering trapped equity, which will be reinvested into the apartment community.
Jamestown Snags The Ellington for $119M in DC
Situated in the historic U Street neighborhood, the property features 190 residential units and an additional 16,760 square feet of retail.
The DSF Group Sells Boston-Area Community for $76M
Located in the eastern part of Worcester County, Halstead Westborough provides a total of 280 units, spread across 13 residential buildings.
2018 NYC Investment Predictions: Douglas Elliman
Team leader Yair Tavivian discusses the up-and-coming New York neighborhoods, as well as the biggest surprises of last year and how he sees them playing out.
JV Buys 240-Unit AZ Community
Continental Realty Advisors and GTIS Partners acquired San Palmas at Mission Park in Chandler. The property includes 30 two-story buildings and a clubhouse, a fitness center and a volleyball court.
HFF Arranges $96M for DC Development
EastBanc’s 176-unit property will feature a courtyard, rooftop pool and cafe. Groundbreaking is slated for early 2019.
Birmingham Asset Changes Hands for $39M
The 468-unit, Class B property contains a mix of one- to three-bedroom apartments situated near Interstate 65, providing convenient access to Birmingham’s downtown area.
Private Investor Adds Louisville Property to Its Portfolio
The company, 29th Street Capital, acquired The Cloisters Apartments, a 39-unit community that was once the chapel and convent for the Ursuline Academy of Immaculate Conception.