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Austin-Area Asset Changes Hands
Strategic Property Investment financed the acquisition of the 254-unit property in Kyle, Texas, through a $27.1 million Fannie Mae loan.
California Community Receives $12M Refi
CBRE’s San Diego office arranged the 10-year, fixed-rate loan through Fannie Mae, on behalf of the borrower, United Development Group.
CA Property Sells for $17M
The Mogharebi Group arranged the transaction and represented both parties in the sale of a 196-unit community located in Kerman.
Goodman Real Estate Expands in Phoenix With 216-Unit Acquisition
The 24-building community located within an Opportunity Zone came online in 1984. Institutional Property Advisors represented the joint venture seller and procured the buyer.
Gemdale, Blake|Griggs Break Ground on Berkeley Community
The joint venture has started the construction of Blake Street Apartments, an 84-unit transit-oriented development located near the city’s downtown.
STAR Real Estate Ventures Lands $323M Refi for 13-Property Portfolio
Berkadia arranged a 7-year, fixed-rate loan for each property in the portfolio, which totals nearly 4,000 units across seven states throughout the Southeast and Midwest.
Timberland Partners Acquires 2 Memphis-Area Properties
The firm purchased Savannah Creek in Southaven, Miss., and The DeSoto, in Horn Lake, Miss., bringing its total portfolio to 14,966 units in 15 states.
Fort Lauderdale-Area Community Trades for $59M
Bar Invest Group Inc. scooped up the 405-unit apartment property in the suburb of Lauderhill, Fla., from Turner Impact Capital. HFF brokered the sale of the 24-building project built in 1989.
JV Closes on $228M Community Near Amazon HQ2
Polinger Development Co. and a partner have acquired Meridian at Pentagon City, a 534-unit property in Arlington, Va.
Fairfield Residential Adds CA Asset to Management Portfolio
The partially affordable community owned by Mill Creek Residential Trust encompasses 284 units and is located in Orange County’s Laguna Niguel.