News
CPC Arranges $11M for PA Asset
Terrain Apartments, formerly a hotel, includes 152 units across 19 buildings. The borrower used Freddie Mac’s Green Advantage program and committed to a 27.8 percent water savings.
Bentall Kennedy Appoints New SVP in DC
Melanie Domres has more than 30 years of asset management experience, having previously founded Cafritz Interests’ Multifamily Development division, as well as Novus Residences Management.
CBRE Brokers $65M Sale of Orlando Luxury Asset
Shelton Granade, Luke Wickham and Justin Basquill arranged the sale of the 314-unit community. The team acted on behalf of Trammell Crow Residential, owner and project developer of the property.
Greystar Sells Class A Community in CT
Lowe Enterprises Investors bought the 374-unit luxury community located in the heart of Danbury, Conn. Greystar will continue to manage the property.
Madison Residential Sells Seattle-Area Property
Berkadia has brokered the sale of the 105-unit apartment community located in Federal Way, Wash. The company represented the seller in the deal.
Today’s Multifamily: A Game for Sharpshooters
Yardi Matrix Vice President Jeff Adler, joined by host Jack Kern, director of institutional research, presented in a Multifamily Market Update webinar how the commercial real estate industry is performing, what can be expected over the next couple of years and why.
Odin Properties Trades Philadelphia-Area Community for $32M
The company picked up the asset for less than half the price back in 2014 and carried out extensive renovation and repositioning work.
Emma Capital Lands $64M Indianapolis Portfolio Deal
The three properties total 849 units and represent the first purchase the company completed in this market. Renovation work will begin once the final transaction closes.
Mill Creek Starts Work on Denver Apartments
Modera West Wash Park, a 241-unit community in the Washington Park neighborhood, will include a dog wash, bike storage and reserved parking.
Trinity Property Acquires $19M FL Community
Franklin Street’s Capital Advisors division arranged a 10-year Freddie Mac acquisition loan on behalf of the buyer, to purchase the 156-unit Villages at Laurel Meadows in Bartow.