Market Rate
Presidium Group Sells 360-Unit San Antonio Community
Wells Fargo provided the new owner with a $25.6 million Freddie Mac loan set to mature in 2029. As of June, Axio Apartments was 91.1 percent occupied.
TruAmerica Pays $77M for Phoenix Apartments
The multifamily investment firm increased its Arizona presence with the purchase of a 520-unit apartment community that it plans to renovate.
Taurus Investment Holdings Buys Midtown Atlanta Property
251 North Apartments sold for $36.5 million and is within a short walk of Ponce City Market. This purchase brings the firm’s portfolio to a total of 2,930 units.
SWBC Acquires Value-Add Asset in West Austin
SWBC plans to further upgrade the rental units and bring the garden-style community up to current standards for high-end assets.
Related Group’s Jon Paul Perez Talks New Projects, Markets
Related Group’s Vice President discusses recent and upcoming projects, as well as the company’s strategy to address Miami’s demand for smaller units and the metro’s affordable housing shortage.
Bluerock Acquires 644 Units in Scottsdale’s Old Town
The property last traded three years ago, for $80.9 million, when it also became subject to a $60.7 million CMBS loan.
Thayer Manca Shells Out $40M for Tucson Asset
The new owner of Palm Canyon Apartment Homes will invest approximately $13,500 per unit for interior and exterior renovations, along with a sustainability package.
Miami Community Trades for $22M
Marcus & Millichap arranged the sale of a 116-unit asset located next to Tamiami Park. The seller owned and operated the multifamily property for more than 35 years.
Panorama Breaks Ground on Charlotte TOD Project
JLL Carolinas will manage the development of the 309-unit Lumeo Apartments, located near the University City Boulevard station on the LYNX Blue Line extension.
Robbins Property Associates Expands Florida Footprint
JLL represented the seller, Grand Peaks Properties, in its disposition of The Gardens at Nova, a 140-unit asset located in Davie.