Market Rate
Oakland Community Trades in All-Cash Sale
NAI Northern California represented the seller and secured the buyer in the 1031 transaction of the 44-unit Vermont Apartments located near Interstate 580.
Resource Real Estate Purchases Virginia Community
Located in Alexandria, The Summit sits close to some of the area’s largest employers and the upcoming AmazonHQ2 in Crystal City.
Leasing in a Saturated Market
At the National Apartment Association’s Apartmentalize conference in Denver, industry expert Lisa Trosien explored the best differentiators in a highly competitive rental market.
The Praedium Group Acquires Phoenix-Area Property for $74M
Completed last year, the 306-unit Town Commons is located within the Gilbert Town Square mixed-use shopping center and is within walking distance of several retail and entertainment options.
3D Investments Sells Las Vegas Apartments
The buyer of the 180-unit Class C multifamily asset financed the deal with a nearly $14 million Freddie Mac acquisition loan.
Bronx Mixed-Use Development Receives $140M Financing
S3 Capital Partners has supplied construction capital for two 25-story towers that will offer a combination of apartments, hotel rooms and retail space in South Bronx’s Mott Haven enclave.
JV Acquires Metro Atlanta Community for $21M
The 240-unit asset is approximately 20 miles from downtown Atlanta. The new owners plan to reposition the multifamily property by implementing value-add upgrades.
CIM Group Completes 2 LA Communities
CIM Group has finished the development of a 50-unit development in Silver Lake near East Hollywood. The firm also delivered Elevate, the second phase of a three-phase development in West Los Angeles.
Orlando Garden-Style Community Sells for $63M
Priderock Capital Partners purchased the 356-unit property, expanding its South Atlantic portfolio. Newmark Knight Frank represented the seller and originated acquisition financing for the buyer.
JRK Property Holdings Buys $57M Seattle-Area Asset
The buyer will complete renovations started by the seller. Additionally, the company will also update the community’s common areas and amenities.