Market Rate
Oak Residential Acquires 2nd Asset in Las Vegas
The apartment community received upgrades to its amenity package previous to the acquisition. The asset was 98 percent occupied as of December 2018.
Utah Townhome Community Receives $17M Construction Loan
Located in Ogden, with easy access to major employment centers, Moda Vista comprises 79 Class A townhomes. The developer anticipates to begin pre-leasing this fall.
CBRE Secures $33M Acquisition Loan for New Durham Property
Chaucer Creek Capital is the new owner of 54 Station, a 264-unit community completed last year. The company plans to build an additional 24-unit building.
CBRE Arranges Sale, Financing of Central FL Asset
Shelton Granade, Luke Wickham and Justin Basquill handled the transaction on behalf of the seller, while Ben Roelke and Ian Walker secured the financing for the buyer.
Top 10 Multifamily Completions in the Midwest in 2018
With more than 35,000 new units, multifamily development in the Midwest closed a very active 2018, on par with national trends.
Cushman & Wakefield Negotiates $73M Sale of 2 FL Properties
Centennial Holding Co.’s acquisition of communities in Lakeland and Plant City positions the new owner to take advantage of commuting distances to nearby Orlando and Tampa.
On the Market: 4 Interesting Listings for the Week of 1/21
This week’s listings include a value-add opportunity in a highly populated area of Connecticut, an affordable asset in central Las Vegas, and more.
Westmount Realty Capital Sells Metro Dallas Property
MBP Capital Inc. acquired Westmount at the Colonnade, a garden-style community that had recently undergone a $1.4 million renovation.
Suburban Kansas City Community Commands $74M
Carroll Organization sold the 402-unit asset less than three years after acquiring it. The transaction was subject to a $50.9 million Freddie Mac loan.
Grandbridge Real Estate Arranges Refi for 132-Unit OH Property
Funded through one of Grandbridge’s insurance company correspondents, the $1.8 million loan closed with an interest rate of 5.01 percent.