News
New York City Luxury Tower Gets $215M Refi
The 450-unit residential building, the tallest tower in Queens, opened in 2017 and was developed by Heatherwood Luxury Rentals.
Alliance Residential Sells Luxury Phoenix Asset for $84M
The seller opened the 316-unit Class A community in summer 2018. Thrivent Financial provided the buyer with more than $50 million in acquisition financing.
North FL Value-Add Apartments Sell for $13M
NorthMarq Capital originated more than $8 million in acquisition financing through Freddie Mac for the purchase of the 100-unit Class B asset.
AL Community Changes Hands
Colliers International East Region Multifamily Advisory Group facilitated the sale of Barrington Place at Somerset, a 376-unit community in Montgomery.
Cortland Buys Phoenix Community for $62M
Walker & Dunlop originated a nearly $55 million, 10-year acquisition mortgage through Freddie Mac for the 368-unit Class A property.
Partially Affordable Community Trades in Phoenix
The property was completed in 2001 under Section 42 LIHTC provisions. The community is near the Interstate 10 employment corridor and approximately 36 miles from downtown Phoenix.
Downtown KC Community Changes Hands
The Landings at River Market encompasses 141 units and is located in the city’s River Market neighborhood. The previous owner upgraded nearly half of the units.
Off-Campus Student Housing to Open in LA
The new student housing will mark The Annex Group’s first development in the state of Louisiana. Upon completion, the community will serve Louisiana Tech University.
The Praedium Group Sells TX Community
Legends at Chase Oaks in Plano offers 346 units and underwent a comprehensive capital improvements program since its purchase back in 2014.
Reliant Group Pays $116M for Bay Area Portfolio
The deal includes more than 600 workforce housing units spread across seven properties. The new owner plans to convert four of the assets into affordable housing communities.