Market Rate
Cushman & Wakefield Closes $19M Sale of 2 Florida Communities
Mike Donaldson and Nick Meoli represented the sellers, and Denny St. Romain, Charles Crapse and Alex Kupp worked on behalf of the buyer.
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.