Market Rate
$124M Salt Lake City Project Starts Construction
A joint venture between The Domain Cos. and Giv Development broke ground on The Exchange, a mixed-use development with 412 residential units and more than 14,000 square feet of retail space.
Nashville Community Expansion Lands Financing
Schatten Properties, the owner of the 412-unit multifamily asset, will use the $14 million construction loan to add a second phase totaling 151 units.
TGM Associates Buys 2nd Community in Manassas, VA
The company plans to implement a thorough renovation program to the community, including in-unit renovations and improvements to the common-area amenities.
Capital Square 1031 Completes VA Multifamily Purchase
The firm acquired Summit at Bon Air Apartments in a Richmond, Va., suburb through a Delaware statutory trust (DST) offering that was fully subscribed by 61 investors.
29th Street Capital Expands Houston Portfolio
The 438-unit Limestone Apartments, located in the George Bush Park submarket, marks the firm’s ninth acquisition in the city and its second investment in the last six months.
Jacksonville-Area Community Changes Hands
AmveStar Capital paid more than $10 million for the 120-unit Class B community. The asset last changed hands in 2016 for $7.6 million.
North FL Community Sells for $54M
Newmark Knight Frank originated nearly $38 million in Freddie Mac acquisition financing for TruAmerica Multifamily, the buyer of the 272-unit Class A asset.
Hunt Arranges Refi for 2 VA Communities
The company secured the 10-year term Fannie Mae loans for Fay Street and Fort Colliers. The properties total 150 apartments and are located in Winchester.
Coastline Management Group Buys Tampa Community
New York-based Eyzenberg & Co. structured and placed $6.9 million in equity with JCR Capital to finance the acquisition and the repositioning of the property.
2 Microunit Multifamily Assets Change Hands
Wilshire Capital Partners paid $23.4 million for two communities located in Seattle and Portland, Ore. CBRE negotiated the deal on behalf of the seller, East To West Capital.