Finance & Investment
NAA on Multifamily Market Momentum
The apartment association surveyed industry experts about their business plans, expectations and market trends.
DFW Community Changes Hands
A local partnership sold The Bristols Apartments, a market-rate multifamily property in Hurst, Texas. The new owner plans to renovate the 94-unit community.
Capital One Closes $12M HUD Loan for Portland Skilled Nursing Facility
The financing proceeds will refinance a comprehensive renovation program of the 128-bed property in Gresham, Ore.
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.