News
CBRE Arranges Portland Community Sale
Graham Taylor represented the seller, Kehoe Northwest Properties, in the $25.5 million transaction. The buyer plans to invest $1 million for common amenities upgrades.
Northwest Properties Snags 216-Unit Houston Community
Seneca Investments sold Stoneleigh on Spring Cypress, an 11-building market-rate multifamily property in Spring, Texas, to Hayden Properties.
DC Community Receives $58M Loan
Citizens Bank arranged the loan for a 295-unit, Class A apartment community located in the Brookland neighborhood, northeast of the city center.
Hunt Mortgage Secures $14M for NC, VA Properties
The loan was for the acquisition of Fiddler’s Creek Apartments in Winston-Salem, N.C. and Baywatch Pointe Apartments in Virginia Beach, Va.
JV Invests $1B in Student Housing Portfolio
The 24 assets, purchased by Scion Student Communities, span 20 university markets and total 13,666 beds. Twenty-two of the properties were acquired from Harrison Street Real Estate Capital.
$53M Earmarked for Bronx Senior Housing Renovations
A joint venture is refinancing Fort Schuyler House, a 138-unit development. Plans call for $15.5 million in capital repairs, and the property will preserve affordability for its residents.
Greystar Develops 286-Unit FL Community
Elan Rosemary in Sarasota is nearing completion. Designed by Meeks + Partners, the property will include a pool, courtyard with grilling stations and an outdoor bar, and a fitness center with Fitness on Demand.
JV Buys 1,700-Bed Student Housing Community
FM Capital in conjunction with Gottlieb Family Partners and AMAC Holdings acquired a 600-unit student housing community in Greenville, N.C. The joint venture plans to upgrade the property.
Fogelman, Thackeray Acquire Atlanta Asset
The fifth collaboration between the two companies since 2015 brings their total investment volume to more than $150 million. The community in Alpharetta, Ga., will be renamed and renovated by the new owners.
Berkadia Arranges Sale of 248-Unit Community
The property is located near Huebner Oaks shopping center, the University Health System and Methodist Hospital, and a short drive from McDermott Freeway and Connally Loop.