News
Chicago Towers Receive $62M in Equity
The 720,000-square-foot multifamily project consists of two 17-story buildings featuring roughly 590 units and more than 10,000 square feet of retail space.
Balfour Beatty Acquires Memphis Asset
The acquisition marks the company’s first investment in the city’s residential market.
InvestRes Expands FL Portfolio
Walker & Dunlop arranged financing for the acquisition of Coral Pointe at the Forum in Fort Myers and East Pointe at Altamonte in Altamonte Springs.
Solomon Org. Expands Pittsburgh Holdings
Siara Management sold the 308-unit Class B property in Moon Township, Pa. M&T Bank provided the new owner with a 15-year acquisition and development loan.
Avesta Sells Orlando Apartments for $46M
The Canadian Imperial Bank of Commerce provided McKinley Properties, the 348-unit community’s buyer, with a $58 million acquisition and development loan.
Hunt Arranges Freddie Mac Loan for Texas Community
The 10-year fixed-rate loan marks the first one ARA closed in partnership with Hunt Real Estate Capital. The Village on West Irving Apartments last traded in October 2018.
Goldman Sachs Buys Nashville Community for $73M
The 321-unit luxury multifamily asset was sold by Lennar. The Canadian Imperial Bank of Commerce provided nearly $50 million in acquisition financing.
Security Properties Expands Its Colorado Portfolio
The Seattle-based firm acquired a 56-unit community in Castle Rock, Colo., for $16.5 million.
Carter Multifamily Increases Jacksonville Footprint
The new owner paid more than $23 million for the 262-unit Class B community and plans to invest in capital improvements to reposition the property.
Nashville Luxury Tower Gets $90M Loan
Square Mile Capital Management originated the loan for a partnership developing The SoBro, a 313-unit community located in the South of Broadway neighborhood.