Market Rate
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.
Waterton Reenters Austin With 950-Unit Acquisition
After exiting the market in 2015, the company has now acquired three communities in Texas’ capital, 14 miles north of the metro’s CBD, betting on a value-add strategy.
Arbor Realty Originates $50M Refi for Chicago-Area Assets
Two recently renovated suburban Chicago properties built in the 1970s have received Fannie Mae refinancing following the conclusion of major value-add programs.
Origin Investments Breaks Ground on $69M Colorado Apartments
Built in a joint venture with Massimino Development, the 280-unit community will also include affordable housing for residents making 60 percent or less of the area’s median income.
JV Picks up Atlanta-Area Property
Sundance Creek Apartments is a garden-style townhome community with 232 units located in McDonough, Ga., near numerous existing and planned distribution and logistics campuses.
Steadfast’s REIT Merger Creates Firm with $3.3B in Assets
Steadfast Apartment REIT has acquired three affiliated REITs in separate stock-for-stock, tax-free transactions. The deal is expected to close in 2020.
Berkadia Arranges Sale of Tempe Community
Former owner Sares-Regis Group originally acquired the 144-unit Salado Springs property for $20.2 million in an all-cash transaction in 2016.
Capital Square 1031 Expands Virginia Portfolio
The 409-unit community in Woodbridge previously traded in 2013 and received $5 million in renovations since then. The new owner plans to finish the upgrades.