Market Rate
Suburban Atlanta Community Changes Hands
Bell Partners has expanded its multifamily portfolio in Georgia to nine assets by acquiring a 24-building property located in Kennesaw.
Goldman Sachs Affiliate Acquires Portland-Area Asset
The 240-unit community located in Camas, Wash., marks Goldman Sachs Asset Management Private Real Estate’s 23rd multifamily investment in the U.S.
LA Community Sells for $26M
An institutional investment fund purchased Morton Gardens, a 66-unit community in the city’s Echo Park neighborhood.
Nautilus Buys Community in Chicago’s Hyde Park
Interra Realty facilitated the $6 million transaction. Joe Smazal worked on behalf of the seller, while Ted Stratman and Jeremy Morton represented the buyer.
In Case You Missed It: MHN’s Top 5 Posts in January
Miss any of our articles? Catch up with five of our most popular posts for the month.
MD Apartments Change Hands in $87M Deal
The Donaldson Group partnered with Declaration Capital and a fund managed by DRA Advisors to acquire a 592-unit garden-style community in Silver Spring, with plans to renovate the asset in the year ahead.
The Walden Group Pays $107M for Southern Portfolio
The 18-property, 1,858-unit portfolio of apartment communities is spread throughout six states. Several of the properties were acquired through proceeds from 1031 exchanges.
Phoenix Community Commands $62M
Kasten Long Commercial Group’s Linda Fritz-Salazar and Scott Trevey brokered the transaction in which Green Leaf Partners purchased a 306-unit asset from Evergreen Development.
2019 Economic and Investor Forecast
At the National Multifamily Housing Council’s 2019 Apartment Strategies Outlook Conference in San Diego, panelists discussed their outlook for the market based on last year’s performance.
29th Street Capital Buys 2 Properties in Las Vegas
The company acquired properties in two of the most sought-after Las Vegas submarkets and plans to spend $1.8 million in capital improvements on one of the assets.