Market Rate
Cushman & Wakefield Brokers $56M IN Sale
Castle Rock, a 740-unit apartment property in South Bend, was acquired by a joint venture of Sinatra & Co. Real Estate, L5 Investments and Odyssey Properties.
Suburban Dallas Community Receives Supplemental Loan
Dougherty Mortgage secured a $3 million loan for the 134-unit Landen in Irving, Texas, which complements the existing acquisition financing.
Bridge Investment Pays $70M for Phoenix Community
The seller of the 460-unit Class B asset purchased the apartments in mid-2014 as part of a nearly $170 million portfolio deal.
Brooklyn Development Reaches Leasing Milestone
The Rheingold, the largest multifamily development in Bushwick, is 60 percent leased after four months. The property features 500 units and was designed by ODA Architects.
Garden-Style Community Changes Hands in OH
A private investor purchased Fair Oaks, a 29-building property in the Far South submarket of Columbus, using a $5.1 million loan.
Berkadia Arranges $28M in San Diego Sales
Two properties traded for the highest per-unit price in their respective submarkets. Associate Director Tyler Sinks, Managing Directors Ed Rosen and John Chu worked on behalf of the sellers.
Breeden Co. Launches Construction of VA Community
Located near Chesapeake Bay, the $30 million Pinewell Station development features three buildings encompassing 145 units.
Jacksonville Value-Add Community Sells for $12M
The seller, Avesta Communities, acquired the Class C asset out of a foreclosure action in early 2012 for $3.4 million.
Raintree Partners Acquires San Diego-Area Property
The 333-unit property is located within the University Town Center neighborhood in La Jolla, Calif. HFF arranged the sale and financing in the deal.
NorCal Manufactured Housing Property Scores Refi
Hunt Real Estate Capital secured the $4.2 million, seven-year Fannie Mae loan for Hidden Acres, a 101-unit community in Susanville.