Market Rate
RADCO Pays $25M for Atlanta-Area Property
The company made its first purchase of 2019 with the acquisition of Stonegate at Eagles Landing, a 167-unit community in Stockbridge, Ga.
Marc Realty Sells Chicago Community
Interra Realty’s Senior Managing Partner Brad Feldman brokered the $2.8 million disposition of the recently-renovated Rogers Park community.
Bridge Investment Group Sells Phoenix Community for $78M
Located 6 miles from the Cave Buttes Recreation Area, the 480-unit Monte Viejo traded in an all-cash deal and was almost fully occupied as of May.
Adaptive Reuse Project in Kansas City Lands $33M Loan
The redevelopment of the former Commerce Bank Executive Office building in downtown Kansas City, Mo., will create a 184-unit community. Berkadia originated the financing.
Jacksonville Value-Add Community Changes Hands for $35M
The new ownership will invest more than $5 million to upgrade and reposition the 444-unit multifamily property as Topaz Villas JAX.
Turner Impact Capital Buys 659-Unit Houston Property
The buyer funded the acquisition of the 53-building Urban Palms with a $38 million Fannie Mae loan. Walker & Dunlop originated the financing.
Historic Landmark Changes Hands in West Hollywood
Casa Real encompasses 60 units and is located within walking distance of Sunset Boulevard. New owner Concord Capital Partners used a $13.9 million loan to purchase the $17.3 million asset.
Houston Community Receives $40M Fannie Mae Loan
Greystone provided the green financing for a 342-unit community owned by Alara Ventures. The loan will enable continued improvements to the property located just south of the medical district.
Alpha Partners Enters Charlotte With Portfolio Buy
The firm’s first acquisition in the market includes 147 units across three communities. The owner plans to add value to the properties through significant renovations.
Value-Add Asset Draws TN Investor
LEDIC Realty Co. has acquired Enclave at Water’s Edge, a 184-unit community in the IBM area, from Hamilton Zanze & Co.