Market Rate
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.
Strand Co. Sells Atlanta Apartments for $31M
PGIM Real Estate Finance originated a Fannie Mae acquisition mortgage of almost $22 million for the buyer of the partially affordable 294-unit community.
Capital Square 1031 Acquires VA Property for $70M
Walker & Dunlop Inc. arranged $45.3 million in financing for the purchase of Bellemeade Farms, a 316-unit community in Leesburg.
Mixed-Income Chicago Development Breaks Ground
The 164-unit project is a collaboration between public and private entities. The property is located 4.5 miles south of downtown.
South TX Community Changes Hands
Seneca Investments sold Stoneleigh Harlingen, a 180-unit Rio Grande Valley asset. JLL Capital Markets brokered the transaction on behalf of the seller.