Market Rate
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.
ZMR Capital Closes $41M Phoenix Acquisition
The 240-unit community is close to Deer Valley, one of the largest employment corridors in the metro area.
Common Tapped to Manage NYC Co-Living Units
Simon Baron Development chose the operating firm to manage 419 beds at one of the largest co-living buildings in the country.
TerraCap Acquires South Florida Community for $70M
The firm bought the fully leased Versol Apartments in Bonita Springs, Fla.