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Clarion Partners Buy Tampa-Area Community
JBM Institutional Multifamily Advisors arranged the $54.5 million sale of West Port Colony, located in St. Petersburg, Fla.
JV Breaks Ground on Brooklyn Mixed-Use Project
Developed by START Treatment & Recovery Centers, Delshah Capital and OTL Enterprises, the 20-story will offer 180 housing units, as well as office, retail and community space.
Continental Realty Closes $211M Fund
The company’s fifth vehicle, which targets value-add multifamily and retail investments throughout the Mid-Atlantic and Southeast, has acquired a rental property in Raleigh, N.C.
Greystar Confirms Sale of South Florida Community
The 214-unit asset is now under the ownership of SouthStar Properties. Greystar made improvements to common areas and units.
Epoch Residential Sells 308-Unit San Antonio Asset
The deal is the first time the 2015-built community has changed hands. Nationwide Life Insurance provided the buyer with a nearly $27 million acquisition loan.
POAH Acquires Columbus-Area Multifamily Portfolio
The deal included Waggoner Grove, a partially affordable Class B suburban community with 175 units, and 50 condominiums in the area.
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.