Finance & Investment
408 Units in CO Change Hands
Inland Real Estate Acquisitions has acquired Après Apartments in Aurora. At the time of the sale, the community was 95 percent occupied.
Multifamily Investment 2018: Use a Scalpel—Not a Machete—to Find Value
As value-add multifamily deals in primary markets continue to be rare finds, more investors are likely to seek yields in non-core locations this year, predicts Bryan Sullivan, vice president of acquisitions and development at The Habitat Co., in his MHN-exclusive industry outlook.
CBRE Closes Sale of Garden-Style MA Community
After the expiration of the original affordable restrictions, the 102-unit community in Stoughton, Mass.,underwent significant renovations, including landscaping and parking improvements.
JLL Secures Acquisition Financing for S2 Capital
Benefit Street Partners provided the loan to S2 Capital for the acquisition of Oakland Hills Apartments in Fort Worth, Texas.
Carroll Org. Sells Memphis Community
The company bought the 1,037-unit ARIUM Shelby Farms in July 2014 as a part of Carroll Multifamily Real Estate Fund III LP.
Berkadia Arranges Fannie Mae Loan for Houston Community
Located at 10498 Fountain Lake Drive in Stafford, Texas, the property is a three-story garden-style community spread across a 13-acre site.
JV to Invest $550M in National Portfolio
Cortland Partners, Canada Pension Plan Investment Board and GIC plan to acquire and renovate 8,000 to 10,000 Class B multifamily units across the U.S.
Southeast FL Affordable Community Fetches $16M
The CBRE team of Senior Vice Presidents Timothy Flint and Richard Tarquinio worked on behalf of the seller in the transaction.
Fairfield Residential Sells 133-Unit Boston Asset
CBRE facilitated the sale of Baker Chocolate Factory Apartments, a three-building property converted for residential use in the 1980s.
Berkadia Secures $40M Refi for NJ Community
The 752-unit Brookchester Apartments is a garden-style community in New Milford, N.J., located 20 minutes from New York City.