Market Rate
HiCap Closes 2nd Utah Multifamily Acquisition
CBRE arranged a 10-year Fannie Mae loan for the purchase of the 38-unit community in Provo.
Trammell Crow Residential to Begin Construction on Boston-Area Project
The 282-unit Alexan Kingston community will replace the shuttered Sears department store at Kingston Collection Mall.
Urban Catalyst Closes $131M OZ Fund
The funds will go towards seven projects in San Jose, Calif., which are expected to start construction in 2021 and 2022.
Midtown Nashville Project Lands $45M Loan
Regions Bank provided the financing for the developer’s first foray into the market.
Randolph Street Realty Capital Pays $25M for Chicago-Area Condos
Lawton Realty Group sold 185 apartments at Ashton Condominiums, a 240-unit community in Arlington Heights.
Velocis Makes 2nd Multifamily Acquisition
The company acquired a 240-unit community in Austin, Texas from Stratus Properties.
MG Properties Pays $145M for Phoenix Community
The 576-unit apartment building last changed hands three years ago for $85 million.
Pretium, Ares Close $2.5B Acquisition of Front Yard Residential
The deal makes Pretium the second-largest owner and operator of single-family rentals in the U.S. and is the SFR industry’s first public-to-private transaction.
Wood Partners Breaks Ground on Newest Texas Property
Alta Austin Avenue in Georgetown, Texas, will feature 312 apartments once completed.
McHugh Construction Co. Completes 2 Chicago Communities
The firm has finished construction of the 188-unit Westerly and the 800-unit NEMA Chicago.