News
Marcus & Millichap Arranges Sale of VA Community
The 40-year-old, 22-building community commanded $75,000 per unit. A private investment entity based in New York purchased the 160-unit asset in Virginia Beach.
FCP Snags 4th Charlotte Community
The company paid $22 million for Hunters Pointe Apartments, 386-unit community in the University area. Capstone Apartment Partners represented the seller, Asia Capital Real Estate.
Suburban Philly Property Trades for $34M
The apartment community was part of the Rental Assistance Demonstration program and received a 20-year subsidy contract. The previous owner improved multiple aspects of the 1950 buildings.
Economy Watch: HQ2 Could Raise Rents in Some Apartment Markets
Smaller metros with lower wage growth or constrained housing stocks could see rents rise the most from the Amazon HQ2, notes a new Apartment List report.
Luxury Downtown LA Community Debuts
4D Development & Investment’s 115-unit property on Grand Avenue will be managed by Moss & Co.
Affordable Orlando Property Receives $17M HUD Loan
Dougherty Mortgage arranged the financing for Landon Pointe Apartments, a 276-unit community managed by Dominium. The transaction involved the re-syndication of an existing LIHTC project.
HFF Secures $77M Construction Loan for NC Project
Senior Managing Director Travis Anderson, Managing Director Justin Good and Senior Directors Cory Fowler and Allan Lynch worked on behalf of the developer, ZOM Living. The Florida-based company is building a luxury community in Charlotte.
Sienna Lines Up Ontario Retirement Portfolio Deal
The company purchased two luxury retirement properties comprising comprising 380-plus units and more than 380,000 square feet for $160 million.
CBRE Arranges Sale of Suburban Atlanta Community
Laurel Hills Preserve is located at 1955 N.E. Bells Ferry Road, in Marietta, Ga. The property is currently 98.3 percent occupied and is situated near two interstates.
Boston’s Hood Business Park Gets Residential Component
The mixed-use project will add 177 units and 10,500 square feet of retail space to the Hood Business Park complex.