Finance & Investment
FPA Multifamily Acquires Atlanta Community for $30M
Barclay at Dunwoody is a 204-unit apartment community in Dunwoody, Ga. Built in 1990, the community is near Perimeter Mall, which features 6 million square feet of retail.
Royal Capital Group Breaks Ground on Affordable WI Community
The $20.3 million development will feature 94 units. UnitedHealthcare is the largest private investor, providing $5.4 million in equity funding.
Meridian Sells Brooklyn Community for $18M
The firm sold the 60-unit, post-war building to S. Antonio Realty. The average unit size is 1,050 square feet.
LMC Opens 344-Unit Music City Community
The Morris is a luxury mixed-use project that includes 6,373 square feet of street-level retail and restaurant space. The property was built on the site of a country music icon’s former office.
CDP Opens Affordable Phoenix Suburb Community
El Rancho del Sol features 47 units and complements the adjacent El Rancho del Arte, a 66-unit property in Mesa, Ariz.
U of Maryland Student Housing Changes Hands
Toll Brothers Campus Living and Ares Management sold Terrapin Row, a 418-unit, 1,493-bed community in College Park, Md. The sale was the largest single-asset student housing transaction so far in 2017.
Greystone Refinances 131-Unit WA Community
The Henry, a Class A community situated near the Museum of Glass, offers 161 units and 10,500 square feet of office and retail space.
Suburban LA Community Sells for $20M
Marcus and Millichap brokered the sale of Villa Hermosa Apartments in Norwalk, Calif. The sale marks the largest non-institutional multifamily transaction in the suburban city.
JLL Closes 238-Unit TX Community Sale
M-DW LP sold a 238-unit multifamily community in Galveston, Texas. Gulf Coast Kington Properties purchased the 15-building property, which includes one- and two-bedroom units.
JV Receives $61M Loan for MD Development
Walker & Dunlop provided a 40-year, fixed-rate HUD loan for the development of Monarch at Waugh Chapel. The apartment community will be situated midway between Washington, D.C., and Baltimore, along U.S. Route 3.