News
Broadtree Acquires $138M Portfolio
The company purchased 1901 S. Charles and 2 E. Wells in Baltimore, as well as The Overlook in Camp Hill, Pa. After closing, Broadtree now has a property base of nearly $350 million.
L5 Investments, BH Equities Sell Houston Asset
GVA Real Estate Group has acquired the Huntington Glen Apartments, a 364-unit community that includes two pools and a playground.
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.