News
NE Off-Campus Student Housing Asset Changes Hands
GMH plans to rename the 632-bed student housing community to Academy Lincoln. The property serves students at the University of Nebraska-Lincoln.
Santa Barbara Luxury Asset Sells for $56M
Institutional Property Advisors of Marcus & Millichap brokered the sale of the 89-unit property, on behalf of a partnership based in Los Angeles.
Simbol Commercial Sells Kansas City High-Rise
Arbor Commercial Funding provided the buyer with $30 million of Fannie Mae acquisition financing for the purchase of the 35-story tower.
LaSalle Buys Twin Cities Communities
Clarion Partners earned approximately $68 million from the sale of the 241-unit portfolio, taking a loss compared with the seller’s acquisition cost of the assets in 2015.
Seattle Efficiency Community Changes Hands
Wilshire Capital Partners acquired the 75-unit property for nearly $18 million, financed with a loan from Bridge Investment Group Partners.
Austin’s Demand Meets Completions
Rent growth, which had flattened around mid-year, has picked up steam again in Austin, up 3.4 percent year-over-year through October.
JLL Appoints New SoCal Senior Vice President
Chris Benton brings more than 15 years of experience to the position. He will advise institutional investors on the sale of multifamily assets in the Los Angeles area.
LA’s Largest Co-Living Project Reaches Completion
California Landmark Group has completed construction of C1, a rental building featuring 51 market-rate apartments and 17 co-living units.
Miami Investor Acquires NH Senior Housing Asset
Black Salmon’s $28 million purchase of the New England community marks the commercial real estate company’s first foray in the senior housing sector.
Waterford Buys Newport Beach Portfolio for $31M
Kidder Mathews represented the buyer and seller in the deal, which included an assemblage of nine adjacent parcels encompassing an entire city block in Dover Shores.