News
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.
Universe Holdings, Hanover Financial Buy $100M CA Community
The companies purchased Capes at Ventura, a 400-unit asset in Ventura, and plan on investing $6.5 million in upgrades.
Marcus & Millichap Sells $88M FL Portfolio
The Tripointe Value-Add Portfolio includes six properties for a total of 1,010 units across Central and North Florida.
Terra Properties Nabs St. Louis-Area Community
The firm financed the acquisition of the 128-unit market-rate asset with a $510,000 Fannie Mae loan originated by Dougherty Mortgage.
Greysteel Arranges $37M Multifamily Asset Sale
President & CEO Ari Firoozabadi and Senior Investment Associate Ari Azarbarzin represented the seller of the 417-unit Maryland property. The new owner plans to upgrade the 1964-built asset.
Audubon Completes Renovations of 2 GA Assets
The multifamily communities, located in the northeast Atlanta suburb of Decatur, total 332 units and are 96 percent leased.
Interurban Trades NC Community for $13M
The 144-unit multifamily property is located in a western suburb of Charlotte and contains a mix of one-, two- and three-bedroom apartments.
High Street, Metlife Open Dallas Luxury Apartments
The 34-story Residences at Park District includes 228 units and a dog park, a resort-style pool and a 7,000-square-foot fitness center.
HFF Secures $47M Loan for OR Luxury Property
Ira Virden, Mark Erland and Matt Benson of the company’s equity placement team worked on behalf of the developer to secure the loan.