Finance & Investment
Covenant Grabs Atlanta Multifamily Portfolio
CBRE Vice Chairman Kevin Geiger worked on behalf of the sellers in the transaction, a joint venture partnership between The Family Office and Titan Real Estate Investment Group.
Passco Makes 2nd DC Purchase for $113M
The 360-unit luxury community in Alexandria, Va., is strategically located at the Huntington Metro Station and had a 92 percent occupancy rate at the time of the transaction.
Castle Lanterra Expands Denver Portfolio
The 44-year-old Mountain Vista Apartments marks the company’s second acquisition in the market. Eighty-five percent of the 257 units have been updated.
Dougherty Mortgage Closes $32M Loan for MN Community
The financing will be used to build Union Flats, a 217-unit affordable housing property in St. Paul. The community will be built on a site currently occupied by the Hunt Electric Corp. building.
Berkadia Closes Leasehold Sale of OC Community
Bridge Investment Group sold Coronado Palms, a 168-unit garden-style community in Anaheim, Calif., to Canyon Multifamily Impact Fund.
On the Market: 5 Interesting Listings for the Week of 9/25
This week’s listings include under-development condos in Olive Branch, Miss., and a brand-new, amenity-rich community in the Boston suburb of Allston, Mass.
Transwestern’s Houston Group Completes Sale of Pindo Pointe
Winslow Asset Management purchased the 164-unit community, which is located in Beaumonth, Texas.
Senior Housing M&As Outlook Strong: Capital One
According to the latest survey of more than 150 industry professionals, 43 percent anticipate an increase in activity heading into the fourth quarter of 2017.
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.