Market Rate
JV Lands $43M Refi for Jersey City Project
Working on behalf of The Hampshire Cos., Claremont Cos. and Circle Squared Alternative Investments, JLL secured the loan for a mixed-use development in the center of Jersey City’s emerging University Place neighborhood.
Riverpoint Partners Buys Raleigh Property for $11M
The firm has expanded its footprint with the acquisition of a 56-unit, boutique community located within less than 1 mile of the city’s downtown.
Las Vegas Rental Property Trades for $52M
NorthMarq Capital provided the buyer, Bluerock Real Estate, with nearly $34 million in financing for the acquisition of the 320-unit Class B asset.
Westmount Buys Vintage Dallas Community
The investor plans a robust upgrade of the 55-year-old asset, which is located west of downtown Dallas in the city’s Kessler Park neighborhood.
Berkadia Secures $15M for Kansas City Community
Managing Director Andy Ahlers arranged the 15-year Fannie Mae loan to refinance a 234-unit Class B property in Independence, Mo.
IMT Capital Buys Denver Apartments for $120M
CBRE provided nearly $75 million in Freddie Mac financing for the 472-unit multifamily acquisition, the market’s largest single-property deal this year.
Halfpenny Management Picks Up Lehigh Valley Community
Birchwood Commons, a 96-unit residential property in Bethlehem, Pa., was completed last year. A Berkadia team orchestrated the sale and arranged the acquisition financing.
Miami Community Scores $24M Construction Loan
The planned 192-unit apartment building will rise in the Allapattah neighborhood. Berkadia secured the 3-year, floating rate loan for the future development.
Seattle-Area Community Commands $56M
RISE Properties Trust and Aegon Real Assets US partnered to acquire the 236-unit property in Federal Way, south of Seattle, with plans to restore and reposition the aging property.
IPA Arranges 247-Unit Community Sale in Fort Worth
The brokerage company represented the seller in the disposition of Creek on Calloway in Richland Hills. The asset received significant interior and exterior improvements since 2013.