Finance & Investment
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.
On the Market: 5 Interesting Listings for the Week of 11/13
This week’s listings include two historic buildings: a three-unit San Francisco property built in 1900 and a stately Chicago community constructed in 1920.
Greystone Refinances Philly Property for $20M
West Village in West Philadelphia received three Freddie Mac small-balance loans. The 86-unit community features townhome-style duplexes.
TGM Expands Chicago-Area Holdings
Built in 1991, Crossings at Danada, in Wheaton, Ill., is a 600-unit garden-style community that spans 27 buildings.
Affirmed Housing Opens Affordable San Diego-Area Community
Eastgate serves low-income families and veterans. Built by Wermers Construction, the property includes 42 units and is located in San Marcos, Calif.
Berkadia Arranges $22M for SoCal Community
The company secured a seven-year Freddie Mac acquisition loan for Interstate Equities Corp.’s purchase of the 133-unit Verse La Mesa in La Mesa, Calif.
Raintree Lands $218M Refi for CA Community
Capital One arranged the refinancing for Encasa Apartments, a 465-unit community in Sunnyvale, Calif. The property will receive 10-year, Fannie Mae fixed-rate loans that have 10 years of interest-only payments.
Castle Lanterra Buys in Denver Metro
Built in 1972, Sunset Ridge Townhomes in Westminster, Colo., includes 280 units featuring a mixture of two-bedroom and townhome units.