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Aimco Sells Nashville Apartments for $24M
KeyBank provided the buyer with more than $18 million in Fannie Mae acquisition financing for the purchase of the 150-unit community.
Nashville Community Changes Hands for $57M
The buyer, a joint venture led by Hamilton Zanze, financed the acquisition of the 326-unit community with nearly $37 million in Fannie Mae financing.
2 NYC Projects Land $181M in Financing
Merchants Capital secured financing for two affordable housing developments in the East Harlem and Flatbush neighborhoods that together total 659 units.
Cushman & Wakefield Arranges $63M Sale of FL Community
The firm represented a joint venture between Providence Real Estate and Aegon Real Assets US in its acquisition of The Park at Via Rosa in Brandon.
Tucson Community Trades for $22M
The developer had owned the asset for more than 30 years. The buyer, Element Property Co., is pursuing a value-add strategy, indicative of the city’s dominant multifamily investment trend.
372-Unit Dallas Community Commands $53M
The sale marked the fourth acquisition for BSR Real Estate Investment Trust in under a year, bringing the entity’s portfolio to a total of 51 multifamily assets.
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.