Market Rate
GVA Real Estate Expands San Antonio Footprint
The new owner financed the acquisition of the 244-unit Kenton Place with a $18.6 million loan from NXT Capital, set to mature in 2022.
Jacksonville Apartments Command $63M
AC Packer West sold the year-old Steele Creek Apartments, a Class A, 300-unit community, to RST Development/Hercules Real Estate Services Inc.
Colorado Springs Communities Trade for $41M
The Bascom Group partnered with an affiliate of The Axton Group to scoop up the two adjacent assets totaling 486 units from Vukota Capital Management.
Carter Multifamily Buys $84M Georgia Portfolio
The firm picked up 810 residential units across six apartment communities in the Savannah metro area. Carter plans to renovate the properties and upgrade common areas.
Collins Group Makes 1st SC Acquisition
Cushman & Wakefield’s Tai Cohen, Jordan McCarley and Marc Robinson arranged the transaction on behalf of seller MAS Broken Arrow.
JV Acquires 440-Unit Jacksonville Multifamily Asset
Berkadia negotiated the deal on behalf of the buyer and secured acquisition financing. The 2008-built property will undergo a $4.9 million renovation.
Urban Communities Expands AZ Footprint
Seller Firefly Modern Rentals received $14.7 million for Avenue 15. The asset encompasses 148 units and is located in northern Phoenix.
Austin Tops List for Downtown Rental Premium
Residents pay 92 percent more than the market average to live in the downtown core, with apartment demand driven a large student population and robust job growth.
Google to Invest $1B in Bay Area Housing
The company is the latest tech giant to pledge big bucks toward the housing crisis. The firm wants to build 20,000 units, a quarter of which would be affordable.
Brooklyn Project Lands $38M Loan
BNS Real Estate and Wonder Works Construction Corp. will build an 11-story, 80-unit community in the Greenpoint neighborhood of the New York City borough.