Market Rate
American Landmark Acquires 282-Unit Houston Community
The Class A asset located in the South Main area is next to Interstate 610 and came online last year.
The Snavely Group Buys 32-Building Cleveland Asset
Willogrove encompasses 384 units and is located in the city’s Willoughby submarket. The sale involved a $21.4 million loan held by First National Bank of Pennsylvania.
Timberland Partners Expands Multifamily Portfolio
The transactions are the company’s fifth property in the St. Louis metro and first in the state of Arkansas.
Charlotte Community Trades for $46M
The 324-unit garden-style property changed hands with the help of a $31.2 million Freddie Mac acquisition loan arranged by Berkadia.
Freeman Webb Sells Nashville Apartments for $24M
NexBank provided the buyer with nearly $19 million in acquisition financing for the 192-unit multifamily asset in the East Nashville/Inglewood submarket.
North FL Value-Add Apartments Sell for $13M
NorthMarq Capital originated more than $8 million in acquisition financing through Freddie Mac for the purchase of the 100-unit Class B asset.
AL Community Changes Hands
Colliers International East Region Multifamily Advisory Group facilitated the sale of Barrington Place at Somerset, a 376-unit community in Montgomery.
Downtown KC Community Changes Hands
The Landings at River Market encompasses 141 units and is located in the city’s River Market neighborhood. The previous owner upgraded nearly half of the units.
The Praedium Group Sells TX Community
Legends at Chase Oaks in Plano offers 346 units and underwent a comprehensive capital improvements program since its purchase back in 2014.
Reliant Group Pays $116M for Bay Area Portfolio
The deal includes more than 600 workforce housing units spread across seven properties. The new owner plans to convert four of the assets into affordable housing communities.