Finance & Investment
Bellwether Secures $67M for 2 Properties
Brookson Resident Flats is a 296-unit community in Huntersville, N.C., and Summer Chase Apartments includes 168 apartments in North Myrtle Beach, S.C.
Jamestown Nabs $145M for Manhattan Apartments
Capital One provided the loan for 88 Leonard St., a 21-story, 352-unit luxury building located in Manhattan’s Tribeca neighborhood.
Arrimus Snags FL Student Housing
The company made its second purchase from Parkland Development Corp. this year with the Forum at Tallahassee, a 264-unit community serving Florida State University students.
South Dallas Community Snags $10.5M Refi
Justin Laub of Metropolitan Capital Advisors secured a 12-year term Fannie Mae loan for La Hacienda Apartments. The 16-building asset offers convenient access to and from interstates 20 and 35.
Atlanta-Area Community Trades in $47M Deal
The Reserve at Johns Creek Walk centers on a divided median boulevard, designed to evoke an old downtown with 20th century-style architecture.
ARA Adds New SVP to Chicago Team
James Mitchell, who brings with him 30 years of experience in real estate, will be responsible for overseeing the firm’s sales and client relationships.
Brookdale Senior Living Obtains Near $1B Credit Facility
The portfolio is diverse, including properties nationwide and various care levels, as well as a small amount of skilled nursing.
On the Market: 5 Interesting Listings for the Week of 9/4
This week’s listings feature two amenity-rich properties: a country-urban designed community in Kansas boasting perks such as a wine bar and hot tub, and a Canoga Park, Calif., property with a spa, courtyards and expansive grounds.
JV to Convert FL Student Housing Into Apartments
The Collier Cos., Apex One and Paravest Capital have acquired the 324-unit Avenue 29 Apartments in Tallahassee and plan to reposition the community.
Security Properties’ Seattle Sale Completes 1st Fund
700 Broadway, a mixed-use property in Capitol Hill, marked the last of 17 assets that comprised the firm’s first closed-end discretionary multifamily real estate fund.