Market Rate
Common Acquires Management Agreements from Starcity
The arrangement includes 7,481 new units in cities around the world.
The Worthing Cos., RAM Partners Form Alliance
Worthing’s property management division will be transferred into RAM, while RAM will provide lease-up services for Worthing’s projects.
Legacy Partners JV Opens Phase I of Denver Community
Located across the street from the Fitzsimons Innovation Community in Aurora, Colo., the property comprises 118 residential units.
Bell Partners Purchases 2 Austin Assets
The company plans to merge operations with its nearby Bell Southpark and create a community of 949 units.
Ares Lands $78M Refi for New York Community
The owner will use the loan proceeds to retire $66 million in CMBS debt and continue rehabilitation of the partially affordable asset in Westchester County.
PCCP JV Acquires Atlanta Community
The partners are planning an extensive lease-up plan for the property, which experienced a high vacancy rate due to the pandemic.
APRA Capital Pays $54M for Tucson Community
Institutional Property Advisors represented the seller, HSL Properties, and also procured the buyer.
Summit Communities Closes $29M Denver Disposition
CBRE represented the seller, and Newmark provided Freddie Mac financing for the buyer.
29th Street Capital Buys Denver-Area Apartments for $134M
The 424-unit property in Aurora marks the firm’s transition from purchasing value-add to higher-quality communities.
Richmond-Area Property Gets New Owners
Capital Square Apartment REIT has acquired a newly completed Class A community in Midlothian, Va.