Finance & Investment
Triumph Enters Denver Market
The company acquired Villas at Holly, 143-unit community, for $26 million.
Transactions: March 2017
by Mallory Bulman The following is a list of transactions that were announced between Nov. 30, 2016, and Jan. 24, 2017. To have your transaction featured, submit details to mallory.bulman@cpe-mhn.com Originally appearing in the March 2017 issue of MHN.
Arrimus Buys Student Housing Community, Adds Partner
In a deal arranged by CBRE, the company paid $63.7 million to acquire the Class A asset to acquire the Class A asset in Denton, Texas, from Parkland Development.
HFF Facilitates Acquisition Financing for Apple Creek
At the time of the deal, the asset was 98 percent leased.
Infographic: US Secondary Markets See Record Multifamily Investment
Led by the West, secondary markets saw a 16-year high in multifamily investment during 2016.
Walker & Dunlop Facilitates $222M Refi Ahead of Rate Increases
The private borrower used the IRR program to obtain lower interest rates on 30 existing HUD loans backed by senior living and healthcare properties.
Walker & Dunlop Arranges $36M Loan for Affordable Property
The financing was used to purchase and rehabilitate Lake Delray Apartments, a Class B community in Delray Beach, Fla.
BSR Trust Enters Northwest AR Market
The company purchased Mountain Ranch Apartments, a 360-unit community in Fayetteville.
2 Charlotte Communities Trade Hands
Gamma Real Estate acquired the 252-unit Whitehall Estates and the 318-unit Stone Ridge.
Tremont Realty Capital Structures $3M Acquisition Financing
An affiliate of Nodel Parks LLC acquired three Alabama properties for a combined purchase price of $4 million.