News
Habitat Lands, Assumes Management of Chicago Asset
The multifamily developer and property manager purchased and assumed property management of Eastwood Garden, an affordable community in the Englewood neighborhood. The company will manage two other properties in the Chicago area.
Washington REIT Breaks Ground in VA
Named for its abundance of planned amenities, the Trove will be a 401-unit community in Arlington.
DC-Area Community Trades for $129M
Located one mile east of Interstate 270, Fenestra was completed in 2008 and is part of the 1.7 million-square-foot Rockville Town Square.
AvalonBay Obtains $185M Refi for 3 Properties
The portfolio features 1,384 units located in Los Angeles, Calif., and in Laurel, Md. Bellwether Enterprise facilitated the loans.
Forge Partners Sells San Antonio Asset
JLL arranged the sale on behalf of the company. The 50-year-old, 202-unit Parker Apartment Homes presents significant value-add opportunities.
Berkadia Completes $61M Sale of Seattle Community
Carroll’s Creek Landing is in close proximity to various shopping options including Walmart, Best Buy and Target. The 288-unit community serves as military housing.
Luxury FL Community Sells for $118M
Walker & Dunlop closed the investment sale for The Quaye at Palm Beach Gardens. The company worked on behalf of HG Management and PGIM Real Estate to purchase the community in July.
Marcus & Millichap Capital Arranges $36M for NC Apartments
The company worked with PGIM to secure the financing for Aurora Apartments in Charlotte. Terms for the seven-year loan include an adjustable rate and 30-year amortization.
Palo Alto Housing Unveils Revitalized Affordable Asset
Colorado Park Apartments reopened after a $31.9 million renovation. The property is the oldest in the non-profit agency’s portfolio.
Northern NJ Community Trades for $41M
Gebroe-Hammer Associates represented both parties in the sale of Crest Ridge Apartments, a 178-unit, garden apartment community located in West Orange, N.J.