News
Avison Young Arranges $16M Refi for VA Community
The 109-unit property in Arlington dates back to 1939. Three nearby metro stations and its proximity to Interstate 66 contribute to the asset’s accessibility.
Atlantic | Pacific Cos. Secures $40M TX Community
Avana Point in Fort Worth is set to be renamed The Atlantic Station and is the company’s 13th owned and managed asset in the Texas market, bringing its total portfolio to 4,271 units.
TIAA Grabs Newly Built Austin Asset
Casey Development offloaded the 246-unit Tacara Steiner Ranch, which opened in February. Following the sale, Pinnacle assumed management of the luxury property.
HFH Acquires $51M CA Property
Stepp Commercial represented both sides in the sale of Patio Gardens, a 127-unit community in Long Beach that will undergo an extensive renovation.
JV Pays $58M for Brand-New Iowa Apartments
Kimberly Development’s sale of the luxury 434-unit Autumn Ridge Apartments in suburban Des Moines will be completed in two phases.
Cardinal Group Buys OR Student Housing
The buyer used proceeds from an acquisition loan, provided through Freddie Mac’s CME program, to purchase the 244-bed off-campus property in Eugene.
Cushman & Wakefield Brokers $49M FL Sale
Senior Directors Jay Ballard and Ken Delvillar of the company’s multifamily team in Orlando facilitated the transaction on behalf of seller Waypoint Residential.
Alliance Residential, Dwelo, Google, Nest Present SmartHome Technology Pack
More than 25,000 luxury apartments across the U.S. will benefit from this project designed to improve connectivity and operational efficiencies.
Kansas City Grows From the Core
Young professionals continue to fuel multifamily development in the area, with rent growth registering a slight rebound in the first part of 2018.
Orlando-Area Community Lands $38M Acquisition Loan
The 320-unit property was nearing full occupancy at the time of the transaction. Berkadia worked on behalf of buyer Insula Cos.