Finance & Investment
JV Invests $23M in Boston-Area Community
Blackfin Real Estate Investors and True North Management Group purchased The Bixby in Haverhill, Mass. The property’s previous owners recently completed renovations.
Houston Community Lands $11M Refi
The sponsor obtained a Fannie Mae mortgage to refinance this 300-unit community which sustained no damage in the wake of Hurricane Harvey.
Suburban Denver TOD Sells for $95M
Wolff Co. sold the 360-unit 8000 Uptown Apartments in Broomfield, Colo., for $264,000 per unit. The property is 96 percent occupied.
AL Apartments Command $21M
Hamilton Point investments has acquired the 240-unit Woodside in Mobile. Cushman & Wakefield represented the seller, Equity Research Partners.
WWC Enters San Antonio Market
Western Wealth Capital has acquired two communities totaling 480 units. Both properties, Brynwood and Sereno Park, have significant value-add opportunities.
Hunt Secures Fannie Mae Loans for 2 FL Communities
The two affordable properties comprise a total of 85 units. The loans closed by Hunt Mortgage Group add up to $4.1 million.
Dougherty Arranges Refi for 77-Unit Community in Ohio
The national mortgage banking firm closed a Fannie Mae loan for Legends Pointe in Canton, Ohio. Dougherty’s Minneapolis office worked for borrower Legends Pointe Apartments.
LA Community Sells for $16M
Transwestern brokered the sale on behalf of the seller, a private investor and also represented the buyer, Winstar Properties Inc., in the off-market transaction.
Electra America Snags 6th San Antonio Community
The company has purchased the 366-unit Firewheel Apartments, located in the North Hampton neighborhood. Berkadia’s South Florida team arranged the financing.
Dougherty Closes $34M Loan for Affordable MN Development
Named 1500 Nicollet, the planned 183-unit community in Minneapolis will include 5,500 square feet of retail space.