Market Rate
236-Unit Community Underway in Miami
Developed by Asia Real Estate and a Canadian pension fund, the building will replace the former American Legion Post 29, which for decades has been a popular spot in the city’s MiMo District.
Tusk Equities Expands in Atlanta
Arbor Commercial Funding provided more than $9 million in acquisition financing for the property, which marks the buyer’s third purchase in the metro in the past year.
Jacksonville Community Trades for $15M
The seller, DEL Development, purchased the asset in 2011. The new owner obtained more than $14 million in acquisition financing from The Bancorp Bank.
$300M Residential Tower Breaks Ground in LA
Developed by Hankey Investment Co. and Jamison Properties, the 25-story high-rise will bring 644 apartment units and 15,000 square feet of ground floor retail space to the coveted Koreatown submarket.
Emma Capital Grows in Indianapolis with $39M Buy
The Toronto-based company expanded its footprint in the city to 1,829 units with the acquisition of two apartment communities in the Washington West submarket.
San Francisco-Area Project Gets $104M in Financing
A joint venture of Prometheus and Legacy Partners secured construction financing for Trestle Apartments, a mixed-use development under construction in San Carlos, Calif.
Central Florida Apartments Command $50M
Cushman & Wakefield facilitated a deal for a 12-building, 383,212-square-foot community in Lakeland, halfway between Orlando and Tampa.
TruAmerica Multifamily Pays $64M for Orlando Asset
Island Club is a 472-unit gated community located 10 minutes from downtown and close to major employers in the city, including Universal Orlando Resort.
Income Property Organization Brokers Columbus Sale
Paul McHugh of IPO facilitated the transaction, which involved a $2.7 million acquisition loan held by Perpetual Federal Savings Bank.
Albuquerque Hotel Set for Multifamily Conversion
The owner of the former Wyndham Albuquerque Hotel and Conference Center will complete the first phase of the 130-unit project by the end of the year.