News
Columbus Community Changes Hands
The buyer took out a 10-year Freddie Mac acquisition mortgage to finance the transfer. Pinnacle Financial originated the loan.
OH Community Lands Refi
Trilogy Real Estate refinanced the 292-unit Class B asset with a $28.2 million Fannie Mae loan originated by CBRE Capital Markets.
Cushman & Wakefield Brokers $33M Charlotte-Area Sale
Jordan McCarley, Marc Robinson and Watson Bryant of the company’s Southeast Multifamily Advisory Group facilitated the disposal of Fountains at Mooresville Town Square, a 227-unit community in Mooresville, N.C.
Preiss Buys 450-Bed TX Property
The Forum serves Sam Houston State University students and offers a private shuttle service to and from the campus. The new owner intends to renovate the community.
Greystar Acquires 273-Unit Portland Community
Indigo at Twelve West is a LEED Platinum certified mixed-use community in the West End submarket. The property also includes 10,000 square feet of retail and 86,000 square feet of creative office space.
Related Cos. Closes on 7,000+ Affordable Units in 16 States
The company acquired the 51-property portfolio from Aimco and plans to preserve the communities.
Detroit to Welcome $102M Brush Park Developments
Brush House, Brush 8 and Brush + Watson will bring 367 new units to to the city’s historic neighborhood. About one third of the units will be affordable.
Berkadia Secures FL Student Housing Sale
The 200-unit community serves Florida Gulf Coast University. A joint venture between Coastal Ridge Real Estate and H. Katz Capital purchased the asset.
On the Market: 5 Interesting Listings for the Week of 7/23
This week’s listings include a spacious community in west Portland, a 196-unit community just outside of central D.C. and more.
Grandbridge Real Estate Capital Arranges $21M Refi for VA Property
The 180-unit Stuart Hill Apartments in Winchester was recently renovated and includes a pool, a tennis court and on-site maintenance.