News
Phoenix Community Sells for $15M
Weidner Apartment Homes sold the Murano Apartment Homes, located in the Arcadia neighborhood of Phoenix. Berkadia represented the firm in the transaction.
Retirees Set to Outnumber Children
According to the U.S. Census Bureau’s projection, the population will grow by an annual average of 2.3 million people until 2030, with Baby Boomers tilting the charts.
CAPREIT Sells 112-Unit Minneapolis Community
Built in 2005, the 112-unit Minneapolis Grand comprises two four-story buildings featuring a club room, a fitness center and 130 parking spaces.
IPA Completes Sale of FL Community
The community, located in St. Petersburg, changed hands for $37.5 million. The firm represented both parties in the transaction.
Socal Asset Sells for $75M
The Bascom Group bought the 235-unit, Class A property, and CBRE secured debt financing for the acquisition.
LA Community Trades for $9M
Matthews Real Estate Investment Services brokered the sale of a 56-unit Van Nuys community. The sale price equates to $272.8 per square foot.
RRA Sells 6 in Temple University Area
Temple University contributed to the area’s recent revitalization and proved to be a good driver for the surrounding real estate market.
JV Grabs Denver Community for $66M
Constructed in 1977, the 418-unit multifamily property in the city’s Arapahoe-Southwest submarket features a mix of studio, one- and two-bedroom apartments.
JV Breaks Ground on Charleston Apartments
Madison Capital Group and Chaucer Creek Capital have started work on Sweetgrass at Bees Ferry, a 192-unit community in the West Ashley submarket.
VA Student Community Selects New Management
Chain Bridge Capital recently purchased the 816-bed, 228-unit property located approximately two miles northeast of James Madison University’s campus.