News
In Case You Missed It: MHN’s Top 5 Posts in October
Miss out on any of our articles? Catch up with five of our most popular posts for the month.
Northland Buys Echo Lake in Bradenton, FL
The company has purchased the 360-unit, Class A community, which was completed earlier this year and is managed by Lincoln Property.
Greater Boston Development Ready for Move-in
Meriel Marina Bay has reached a new milestone. The South Building of the property is now open and welcoming new occupants.
Jonathan Rose on What’s Ahead for Multifamily
The executive reflects on the past year in multifamily, including the disruptors set to impact the industry in 2018.
FCP Buys $16M Charleston Apartments
The company purchased Gates at Summerville, a 232-unit garden-style community in the Summerville submarket of Charleston, and plans to add a dog park and sport court and improve the landscaping, common areas and curb appeal.
TerraCap Buys Suburban ATL Portfolio for $116M
The 1,100-unit portfolio is comprised of four assets situated in Atlanta’s northern suburbs. CBRE facilitated TerraCap’s acquisition by arranging a four-year loan provided by Principal Real Estate Investors.
New Luxury Community Opens in Tarzana, CA
The 57-unit luxury Residences at Village Walk, developed by Sinanian Development, is now open. Moss & Co. will manage the property located at Yolande Avenue.
Tikijian Arranges 450-Unit Community Sale
An affiliate of Birge & Held Asset Management acquired the asset from Gene B. Glick Co., the Indianapolis-based developer that built the property in two phases between 1980 and 1987.
Berkadia Brokers Sale of 150-Unit SC Community
Gladiator purchased Charbonneau for $9.2 million. Mark Boyce and Blake Coffey of Berkadia’s Charleston team negotiated the transaction on behalf of seller Raith Capital Partners. Mike Zaremski in Berkadia’s New York City office financed the transaction through Fannie Mae.
IPA Arranges $57M Sale of Luxury CA Community
A private investor based in China acquired Luxe, a 131-unit community in Pasadena, Calif. IPA represented the seller, Amcal Equities, and procured the buyer.