Market Rate
PENLER Pays $48M for Southwest Florida Community
NorthMarq originated nearly $32 million in acquisition financing for the 248-unit Tradition at Palm Aire.
Advanced Real Estate Services Secures $240M Refi for Multifamily Portfolio
NorthMarq arranged the Freddie Mac and Fannie Mae loans for six communities totaling 1,223 units in Southern California.
East Phoenix Community Trades for $15M
Greystone provided a fixed-rate $10.8 million Fannie Mae loan for the acquisition.
JLL Secures $17M Refi for Atlanta-Area Community
Directors Jesse Wright and Ware Shipman arranged the loan on behalf of Asia Capital Real Estate.
Passco Cos. Pays $78M for South Carolina Property
Southeastern Co. sold the 330-unit community in Bluffton. The new owner retained Greystar as property manager.
Columbus Community Lands Refi
Gelt Financial provided a two-year loan for the 152-unit, non-stabilized rental community.
29th Street Capital Purchases 308-Unit San Antonio Community
The new owner plans to invest in a capital improvements plan and upgrade the property.
TA Realty Acquires Los Angeles Westside Community
Institutional Property Advisors brokered the $65 million sale of Avalon Venice on Rose.
Banyan Residential Breaks Ground on Phoenix OZ Project
The developer is expecting to see its first move-ins at Banyan Washington in late 2021.
Mill Creek Sells Seattle Luxury Community for $125M
The 288-unit deal marks the second-largest multifamily transaction to close in the metro this year.