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Capital One Originates $37M for 2 AL Properties
The communities include the 336-unit Grand Reserve at Phenix City and the 224-unit Southern Oaks Apartments in Mobile.
$21M NY Affordable Housing Redevelopment Opens
Chappaqua Crossing Apartments in Westchester County, the former site of the Reader’s Digest headquarters, features 64 mixed-income units and access to a playground, a clubroom and walking trails.
JVM Acquires Luxury Kansas City Community
The 340-unit property is located near the city’s Power & Light District as well as the CBD and represents JVM’s ninth high-end asset in Kansas City.
SoCal Community Sells for $5M
Stepp Commercial brokered the sale of the property located in the Bixby Knolls neighborhood of Long Beach, Calif.
Suburban Phoenix Community Receives $17M
HFF represented the partnership between Western Wealth Capital and an MDC Realty Advisors USA Inc.-managed fund. CIT Bank provided the five-year loan.
Essex Realty Group Brokers IN Community Sale
Mayfield Apartments, a 52-unit, garden-style community near Valparaiso University in Porter County, changed hands for $2.7 million.
Maxus Realty Trades AR Community
The buyer funded the acquisition of the 88-unit market-rate property with a $3.8 million Fannie Mae loan secured by Dougherty Mortgage.
Titan Real Estate Sells Suburban Atlanta Apartments
This is the second multifamily sale completed by Titan this week to have been previously owned by Ares Management.
Cushman & Wakefield Arranges $78.3M Portfolio Sale
Blue Rock Partners bought communities in Alabama, Georgia and Mississippi from Varden Capital Partners.