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Western National, Banner Oak Capital Launch Multifamily JV
The new partners plan to invest in multifamily projects throughout California’s major markets through acquisition and ground-up development projects.
American Landmark Buys $311M Texas Portfolio
The company added six properties located in the Austin, Dallas, Houston and San Antonio metro areas to its rapidly growing platform, which gained more than 10,000 units last year.
CS Acquisition Group Sells 272-Unit IN Community
The Lakewood, N.J.,-based company sold a 16-building multifamily asset in Beech Grove to a private investor. The property was 95 percent occupied at the time of sale.
IPA Brokers $30M Phoenix-Area Transaction
Senior Managing Directors Cliff David and Steve Gebing worked on behalf of both parties involved in the sale of a 265-unit community in Mesa.
FCP Grows Atlanta-Area Presence with $18M Buy
The purchase of the 150-unit The Fields East West Commons in Austell marks the buyer’s third acquisition in the area this year.
Eagle Property Capital Expands Houston Portfolio
The company added to its holdings in the city with three communities totaling 750 units acquired through a private investment vehicle.
FL Gulf Coast Community Receives Freddie Mac Refi
Berkadia’s Charles Foschini, Chris Apone and Lourdes Carranza-Alvarez from the company’s Miami office arranged the $13.6 million fixed-rate, 10-year loan financed by Freddie Mac.
Electra America, American Landmark Purchase San Antonio Community
The new owner rebranded the 306-unit property as Alon at Castle Hills and assumed the existing $24 million Fannie Mae financing.
Westmount Expands San Antonio Presence
The new owner intends to invest in a capital improvement program on both interiors and exteriors at the 300-unit The Pointe at Ramsgate.
Charlotte Community Trades for $34M
Greystone provided the buyer, Dasmen Residential, with a 10-year Freddie Mac acquisition mortgage for the Class B, 320-unit multifamily asset.