Market Rate
LA Apartments Buys San Fernando Valley Community
The firm has expanded its portfolio with the addition of a 100-unit property located in Pacoima, some 20 miles from downtown Los Angeles.
Tampa-Area Value-Add Community Sells for $18M
The 143-unit multifamily asset traded for almost double the price it sold in 2012. The new owner intends to upgrade and reposition the Class B property.
Philadelphia-Area Value-Add Properties Change Hands
Rittenhouse Realty Advisors sold Maple Grove Apartments and Royersford Gardens, two apartment communities located in Montgomery and Bucks Counties.
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.