Market Rate
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.
Scully Co. Expands NJ Community
The developer will add 220 units to Hamilton Greene in Mays Landing. Completion of the new component, The Glades at Hamilton Greene, is scheduled for 2021.
Tampa Property Sells for $34M
Read Property Group sold the 310-unit, garden-style community located approximately 10 miles from downtown Tampa. The sale was subject to a $24.8 million-Fannie Mae loan.
Blackfin, GMF Acquire 600-Unit Community in Virginia Beach, VA
The value-add acquisition of Baker Crossing marks the companies’ first partnership. The property last changed hands in 2005 for $31.5 million.
Colliers International Handles $70M Sale of AZ Property
P.B. Bell sold Laguna Village, a 31-building Class B community in Chandler, to Bridge Acquisitions. The new owner will complete the modernization of the property to increase the asset’s market value.
Phoenix-Area Property Changes Hands for $12M
Dougherty Mortgage originated a $9.5 million Fannie Mae loan for the acquisition of the 120-unit Tuscano Village in Glendale.