Market Rate
Passco Acquires KY Apartments for $62M
The Dobbins Group sold the 306-unit, Class A+ community, which is integrated into The Summit at Fritz Farm, a master-planned, mixed-use development in Lexington.
Long Island Multifamily Portfolio Changes Hands for $473M
Fairfield Properties, with a $100 million preferred equity investment from FCP, acquired the seven properties from Lone Star Funds.
Wood Partners Breaks Ground on Denver-Area Project
The 260-unit Alta Green Mountain in Lakewood is slated for completion this August. The project is less than 3 miles from Denver Federal Center.
San Antonio-Area Community Lands Refi
Constructed in 1974, the 333-unit property in Universal City is located less than 20 miles from the metro’s core. JLL Capital Markets represented the owner.
Greystone Provides $58M Bridge Loan for San Antonio Property
The financing will enable the borrower, DeBartolo Development, to pay off the initial construction loan and preferred equity for Infinity at the Rim.
Mitsui Fudosan, ZOM Living Break Ground on MD Community
The joint venture has launched construction of Maizon Bethesda, a transit-oriented development with 229 apartment units in Bethesda.
Bascom Arizona Ventures Acquires Tempe Community for $89M
Tempo at McClintock Station offers 423 units, as well as access to a fitness center and two swimming pools. The property will be managed by MEB Management Services.
TruAmerica Multifamily Sells Suburban Seattle Community
The buyer of the 249-unit Class B asset funded the acquisition with a $30 million Freddie Mac loan originated by CBRE.
Newcastle Pays $86M for Chicago Property
Seeking an acquisition in a neighborhood wedged between two of Chicago’s hottest enclaves, Newcastle Ltd. has acquired 504 and 505 N. Green Street, an apartment community in the River West district.
Suburban Indy Community Changes Hands
The buyer, Muesing Management, secured more than $7 million in short-term financing from Merchants Bank of Indiana to fund the acquisition.