News
CBRE Brokers Sale of 244-Unit Affordable VA Community
EBEX Holdings and FriedLam Partners purchased Ashton Heights in Roanoke. Jeff Kunitz and Alex Medeiros of CBRE Affordable Housing, together with Charles Wentworth and Peyton Cox of CBRE Richmond, arranged the sale.
Preiss Adds 2 Student Housing Communities in Charlotte
In partnership with a private investment group, the company purchased two student housing communities totaling 1,180 beds. The properties are serving students attending the University of North Carolina-Charlotte.
2 MN Communities Land $5M Fannie Mae Loan
The 16-year term loan with a 30-year amortization schedule was arranged by Dougherty’s Minneapolis office on behalf of the borrower, Amorce II Limited Partnership.
Marcus & Millichap Brokers Sale of 281 Units of Oakbrook Village
The property, located in Clearwater, Fla., comprises 296 units in total, of which 281 sold for $25.8 million, or $91,815 per unit.
Tampa Community Changes Hands for $58M
HFF marketed the 274-unit, luxury apartment asset on behalf of the seller, Pollack Shores Real Estate Group. The property traded free and clear of existing debt.
NJ Condos Receive New Management
The property, which includes 300 one- and two-bedroom condominium units across 19 buildings, features community amenities including swimming pools and tennis courts.
Passco Acquires 240-Unit AL Community
ARIUM HomePlace, a 240-unit luxury property in the Prattville submarket, will be rebranded as The Meadows at HomePlace, reflecting its location in the master-planned Homeplace community.
Harrison Street Snags German Student Housing Portfolio
The company purchased 1,000 units in cities throughout the country from MPC Capital AG, which will continue to manage the STAYTOO-branded properties.
Real Estate Takes on Drone Technology
With potential applications in marketing, site management and logisitics, drones are slowly but steadily gaining ground in the real estate industry.
Blackfin, Capital Solutions Buy NC Asset for $28M
Westborough Apartments in Greensboro is a 502-unit, garden-style community built in 1972. Amenities include a fitness center, playground and dog park.