News
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.
On the Market: 5 Interesting Listings for the Week of 6/4
This week’s listings include an upscale community six miles from the Las Vegas Strip, a privately owned property in Phoenix’s growing South Mountain Village area, and more.
MRK Partners Takes LA Pair for $109M
Located in Claremont and Santa Fe Springs, Calif., the 38-year-old communities total almost 300 units. CBRE’s Affordable Housing team secured Freddie Mac financing and represented the seller.
Asset Campus to Manage MI Student Housing
Located a stone’s throw from the University of Michigan campus in Ann Arbor, 411 Lofts came under new ownership in February.