News
Meridian Capital Group Arranges $46M for NJ Community
Castle Lanterra Properties’ property, called The Lena, in Raritan includes 224 units and fitness on demand, underground parking and an automated package system.
NorthMarq Multifamily Brokers 120-Unit NM Sale
The community represents the buyer’s first acquisition in Albuquerque. The 10-building asset traded for $7.5 million, with Berkadia arranging the Freddie Mac acquisition financing.
Related, Rockpoint to Launch $2B Value-Add Program
The partnership will concentrate primarily on the Florida market but will also search for opportunities within other successful metros, including Atlanta, Phoenix and Dallas.
Franklin Street Facilitates $2M Miami Sale
Oscar Banegas, Kameron Djamal and Dan Dratch represented the seller in this transaction. Director of Capital Advisors Tony Gannacone secured financing for Sabal Capital Royal Palms Apartments.
Kiser Group Appoints New Senior Director
Michael D’Agostino joined the company three years ago and brokered the sale of more than 1,000 units. He oversees Chicago North Side transactions.
Marcus & Millichap Brokers San Diego-Area Buy
Chris Zorbas, senior managing director with Marcus & Millichap, represented the seller in this deal, while ACI Principal Terry More worked on behalf of Paolo & Elisa, the buyer.
Student Housing Trends 2018: More Smart Living
Vesper Holdings’ Elliot Tamir shares the most popular student housing trends in 2018 and his expectations for the sector in the second half of the year.
ACI Arranges Sale of Small San Diego Community
Principal Terry Moore represented the buyer, while South Coast Commercial Vice President Ben Vogelsang worked on behalf of the seller in this $1.6 million deal.
Stamford Waterfront Community Opens Doors
Building and Land Technology’s Harbor Landing Apartments sits within a mixed-use development encompassing restaurants, a new boatyard, marina and a boardwalk.
Praedium Group Snags Houston Community
Discovery at Mandolin comprises 260 units and access to a dog park, a fitness center and a cybercafe. The property is set to undergo capital improvements.