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Maryland Apartments Change Hands
Newmark Knight Frank facilitated a $61.8 million acquisition loan for the sale of Concord Park at Russett, a 335-unit community in Laurel.
Abacus Capital Sells Vegas Apartments for $36M
Berkeley Point Capital originated Freddie Mac acquisition financing for the buyer of the 237-unit Class B multifamily asset. The property last traded in 2017 for $24 million.
Beachwold Residential Expands Dallas Presence
AIG secured $45 million in acquisition financing for the new owner of Austin at Trinity Green, a 355-unit property completed two years ago.
Georgia Portfolio Changes Hands for $203M
Carter Multifamily and RSE Capital Partners have acquired the 11 properties totaling 1,966 units. The Class B and Class C communities are located in the Savannah area, Augusta, Canton and Macon.
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.