Finance & Investment
SENTRE Bags $13M for San Diego Community
CVG Properties Inc. acquired Carlton Heights Villas, a 70-unit apartment community in the neighborhood of Santee. The property had an occupancy rate of 98.6 percent as of last month, following a major makeover.
Luxury Multifamily Asset Changes Hands in NC
Autumn Woods is two miles from UNC Chapel Hill Campus and features a wide array of community amenities including a resort-inspired pool and 24-hour fitness center.
Security Properties Expands Portfolio With $98M AZ Buy
The firm acquired three apartment communities totaling 1,276 units in Mesa, Glendale and Phoenix. Starwood Capital Group, the seller, bought the assets in 2012.
Walker & Dunlop Secures $52M in Financing in CA
The firm arranged the 10-year Freddie Mac Green Up loan for a 565-unit community located in the Arden Arcade neighborhood, on behalf of the new owner, OpenPath Investments.
Sunset Boulevard Condos Secure $21M Loan
A joint venture obtained the financing for a new-construction condo project in the Silver Lake neighborhood of Los Angeles.
Naples Community Changes Hands for $67M
The seller completed a series of improvements during its ownership, including the renovation of the clubhouse and the creation of a private fitness studio.
Chicago Student Housing Tower Changes Hands
University Center Chicago, acquired by AXA Investment Managers – Real Assets and Blue Vista Capital Management, totals 1,732 beds and is proximate to 22 universities.
Advenir Scores $52M for FL Luxury Apartments
Berkadia arranged Freddie Mac financing for the purchase of Aventine at Naples, a 350-unit luxury community that is currently 89 percent occupied.
Meridian Secures $22M in Financing for Luxury Development
Avery Place at Pompano will be an eight-story, Class A community with 145 luxury rental units and workplace studios ranging between 800 and 1,200 square feet.
CLP Makes First Foray into Southern FL
For its first acquisition in Palm Beach County, the privately held New York-based real estate firm chose Loftin Place, a Class A, mid-rise community completed in late 2015.