Finance & Investment

Pioneer Woods in Lancaster

PA Properties Land $26M

The two assets are situated in Lancaster and Hershey, Pa., and feature 160 units each. Colliers’ capital markets team secured five-year fixed-rate loans for both properties.

2 Phoenix Assets Trade Hands for $7M

CBRE brokered separate deals for The Markley in east Phoenix, which includes 27 units, and Twin Palms near downtown Phoenix, which includes 20 units.

IPA Brokers Sale of Rio Grande Valley Asset

Executive Director Will Balthrope, Senior Director Drew Kile and Associates Jordan Featherston and Joey Tumminello represented the seller and procured the buyer, Presidium. American Agape Foundation is the former owner of the 288-unit property in Harlingen, Texas.

Capitol Hill Tower

Berkadia Secures $47M Refi for DC Property

The proceeds were used to refinance existing debt and to pay off an 8 percent pre-payment penalty. The loan was secured through the HUD 223(a)(7) Loan Program.

Denver Luxury Asset Trades for $122M

HFF marketed the 465-unit property on behalf of the seller, Lennar Multifamily Communities, and procured the buyer, Starlight Investments.

Lion's Ridge Apartment Homes

Gorman Lands $22M Refi for CO Asset

Walker & Dunlop arranged the atypical eight-year, fixed-rate term loan to refinance Lion’s Ridge Apartment Homes, a 114-unit workforce housing community at the foot of Vail Ski Resort.

RADCO Secures $32M for FL Community

Reflections Apartments in Casselberry, Fla., includes 336 units. The company plans to invest $5 million in capital improvements.

St. Louis Apartments Trade Hands

TriStar Properties has sold the 254-unit Alinea Town & Country in Des Peres, Mo., to Strategic Properties.

Stratford at Williamsburg

Hunt Mortgage Facilitates Acquisition Loan for VA Property

The company worked on behalf of Thalhimer Stratford to secure financing for the purchase of Stratford at Williamsburg, a 156-unit apartment community in Williamsburg, Va.

Marcus & Millichap Arranges Sale of VA Community

The 40-year-old, 22-building community commanded $75,000 per unit. A private investment entity based in New York purchased the 160-unit asset in Virginia Beach.