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FCP Pays $23M for Atlanta Community
The acquisition marks the buyer’s seventh investment in the area. The new owner plans to rebrand the 164-unit Ashford Gardens.
Recently Completed Dallas Community Trades
California-based trust Porgest Properties acquired Digit 1919 in the Cedars neighborhood. The first residents moved into the 102-unit property in late 2017.
Greystone Refinances MI Multifamily Asset
The $11.3 million Fannie Mae loan features a 10-year term and 30-year amortization period. The property is Ranches of Rosebrook in Ypsilanti.
Hunt Real Estate Provides $13M Loan for KY Community
The borrower used the financing for the acquisition of Saddlebrook at Tates Creek, a recently renovated 181-unit property in Lexington.
Axonic Properties Sells $16M FL Community
Creative Realty Partners has purchased the 126-unit property with the third highest price per unit for this type of asset in Hillsborough County. CBRE procured both the buyer and the seller.
Southwest FL Community Sells for $48M
KeyBank provided the buyer, Bridge Investment Group, with approximately $34 million in Freddie Mac acquisition financing for the 300-unit multifamily asset.
In Case You Missed It: MHN’s Top 5 Posts in March
Miss any of our articles? Catch up with five of our most popular posts for the month.
Rockford Homes Sells Columbus Multifamily Asset
The new owner, Jeffrey Berlin, financed the acquisition via a 20-year, $5.5 million Freddie Mac loan arranged by Pinnacle Financial Partners.
Cushman & Wakefield Arranges $24M Sale of AL Community
The firm represented the seller, Spanish Fort Realty LLC, in its disposition of the 216-unit Spanish Fort Town Center in Mobile.
Baldwin & Sons Debuts San Diego-Area Community
Alay at Otay Ranch Town Center is situated roughly 20 miles from the city’s downtown, providing proximity to major employers and various entertainment attractions.