Finance & Investment
Despite Irma’s Wrath, $67M FL Apartment Deal Closes
Amberton Properties has sold Amberton Luxury Townhomes in Naples. One of the largest multifamily deals in Southwest Florida in the past year, the 28.7-acre property includes a 306-unit community.
Investcorp Procures $350M Portfolio
Consistent with the company’s strategy of investing in the South and Southwest, the six properties are located in Phoenix, Orlando and Jacksonville, Fla., and offer a combined 2,800 units.
Dougherty Secures Acquisition Loan in North Dallas
Dougherty Mortgage closed a $34.3 million Fannie Mae acquisition loan for a 240-unit community in Plano, Texas. The 10-year term loan has five years of interest-only payments and a 30-year amortization schedule.
Thrive Acquires 2 Senior Housing Properties, Launches Sister Firm
The acquisition expanded the company’s senior housing portfolio to four assets, which drove the firm to launch a new division—TFP Senior Living—headed by Anthony Fulco.
The Savvy Owner’s Road Map for Success
An expert from Marcus & Millichap discusses the importance of taking a strategic look at your current real estate holdings as we approach the end of this cycle amidst the uncertainties of tax reform, rising interest rates and inflationary pressures.
Empire Square Group Sells 980-Unit TX Portfolio
Marcus & Millichap represented the seller in the transaction and procured the buyer, Falls Apartment Group. The portfolio comprises Alta Vista and Las Villas, two communities located in Pasadena.
Elite Street Capital Lands Atlanta Apartments
The company acquired Waterford Point from PointOne Holdings and Biscayne Atlantic. Built in 1989, the 344-unit community is located in Lithia Springs.
Texas Apartments Change Hands
RailField Realty Partners has acquired Cedars of San Marcos, a 168-unit property in San Marcos. The company plans to spend approximately $2 million on renovations.
HFF Arranges Financing for Denver Property
Located in Colorado Springs, Peak 4420 received a 10-year, fixed-rate loan. The 209-unit community had an occupancy rate of 99.5 percent as of August.
Raleigh Luxury Community Welcomes First Residents
The Carolinian on Glenwood is a 186-unit property built by Clancy & Theys Construction Co. Stiles Residential Group and Grubb Ventures have leased the first units of the asset.