News
AZ Senior Living Community Changes Hands
A Chicago-based private equity fund purchased The Country Club at La Cholla, a 217-unit property in Tucson, from an MBK Senior Living affiliate. CBRE assisted the seller in the transaction.
Berkadia Arranges $28M in San Diego Sales
Two properties traded for the highest per-unit price in their respective submarkets. Associate Director Tyler Sinks, Managing Directors Ed Rosen and John Chu worked on behalf of the sellers.
Multifamily Investment in 2019: Finding Opportunities in DC
Bob Kettler, chairman & CEO of KETTLER, discusses how the firm has leveraged strong local knowledge with technology solutions to generate solid returns in a dynamic market.
Peak Campus Adds CT Asset to Management Portfolio
Located in Mansfield, the residential community serves students attending the University of Connecticut and is slated for a two-phase, 146-unit expansion.
Strawberry Fields REIT Pays $21M for KY Skilled Nursing Portfolio
Oxford Finance provided financing for the acquisition of the three facilities, which are located in Bardstown, Manchester and Elkhorn City.
Jacksonville Multifamily Report – Winter 2019
New apartments are being absorbed at a rapid pace across the metro, which ranks among the nation’s top major markets for rent growth.
Nuveen Buys Seattle Portfolio for $245M
The acquisition included two Class A properties—one in Bellevue, the other in the Issaquah submarket—adding up to more than 550 units.
Breeden Co. Launches Construction of VA Community
Located near Chesapeake Bay, the $30 million Pinewell Station development features three buildings encompassing 145 units.
RXR Realty Tops Out Long Island Condo Project
The Beacon at Garvies Point will offer 167 units as part of an 80-acre waterfront development in Glen Cove, N.Y., a suburb of New York City.
Jacksonville Value-Add Community Sells for $12M
The seller, Avesta Communities, acquired the Class C asset out of a foreclosure action in early 2012 for $3.4 million.