Market Rate
FirstService Grows Washington, DC Portfolio
The company will provide property management services to a 161-unit co-up building in the Adams Morgan neighborhood.
CBRE Facilitates Sale of Los Angeles-Area Community
In July, CBRE’s brokerage team also arranged the sale of a 72-unit property in Los Angeles’ Koreatown. The community sold for $32.4 million at a 4 percent cap rate.
North St. Petersburg Community Receives Refi
The $7 million mortgage retires $6.3 million in acquisition financing provided by C-III Capital Partners in 2018.
Generic Management, CAF Capital Buy Plano Property for $63M
Phillips Realty Capital advised the partnership on its acquisition of the 459-unit EVOKE.
Presidium Breaks Ground on Dallas Apartments
The 290-unit project marks the developer’s first new construction since the start of the pandemic.
Houston Community Lands $65M Refi
JLL arranged a seven-year, fixed-rate Freddie Mac loan for the 206-unit Hanover Southampton.
Sares Regis Spends $68M on Southeast Denver Asset
JLL provided a $47.6 million Freddie Mac loan for the acquisition of the 252-unit community.
30-Story Multifamily Tower Opens in Philadelphia
The 405-unit property is located in the University City neighborhood and previously housed a student ministry center.
Marcus & Millichap Closes Dallas-Area Multifamily Sale
Senior Managing Director Al Silva and First Vice President of Investments Ford Braly represented the seller.
Gebroe-Hammer Arranges $20M New Jersey Sale
Executive Vice President Niko Nicolaou represented the seller of the 60-unit community, and Senior Vice President Adam Zweibel procured the buyer.