Market Rate
Greysteel Arranges Sale of 2-Property Dallas Portfolio
Luau and Koko Apartments have undergone capital improvements since 2017, including new roofs, parking lots, exterior paint and some interior upgrades.
Bridge Investment Group Pays $144M for WA Portfolio
Wells Fargo Bank provided the buyer with nearly $94 million in financing to acquire the assets, which contain 682 units across two properties
URS Capital Sells Cincinnati-Area Community
PGIM Real Estate Finance provided the new owner with a 12-year, Fannie Mae acquisition loan of more than $14 million.
Avison Young Arranges $71M Bridge Loan for Orlando Community
East SDG CitiTower is using the funding to refinance the current construction loan on the property, which is located one block from Lake Eola, and finish leasing up the retail portion.
American Landmark Acquires Majority Stake in NC Community
The 309-unit building, located five minutes from the UNC Charlotte campus, marks the firm’s eighth acquisition in Charlotte and 12th in the state.
Balfour Beatty Acquires Memphis Asset
The acquisition marks the company’s first investment in the city’s residential market.
InvestRes Expands FL Portfolio
Walker & Dunlop arranged financing for the acquisition of Coral Pointe at the Forum in Fort Myers and East Pointe at Altamonte in Altamonte Springs.
Solomon Org. Expands Pittsburgh Holdings
Siara Management sold the 308-unit Class B property in Moon Township, Pa. M&T Bank provided the new owner with a 15-year acquisition and development loan.
Avesta Sells Orlando Apartments for $46M
The Canadian Imperial Bank of Commerce provided McKinley Properties, the 348-unit community’s buyer, with a $58 million acquisition and development loan.
Hunt Arranges Freddie Mac Loan for Texas Community
The 10-year fixed-rate loan marks the first one ARA closed in partnership with Hunt Real Estate Capital. The Village on West Irving Apartments last traded in October 2018.