Market Rate
CBRE Facilitates $47M Transaction in Denver
David Potarf, Dan Woodward, Matthew Barnett and Jake Young represented seller FPA Multifamily. Velo Apartment Homes encompasses 240 units across 10 mid-rise buildings.
Sacramento-Area Community Changes Hands
MJD Capital Partners paid more than $8 million for the 66-unit, Class C multifamily asset, situated 10 miles northeast of the city’s downtown.
Greystar Acquires Atlanta Community for $60M
Balfour Beatty earned a 30 percent return on the 437-unit multifamily asset, which it purchased from Resource Real Estate in 2016.
JLL Arranges Sale of San Antonio Community
The 164-unit Whispering Hills is located in the northeast section of the city. The transaction involved a $12.8 million loan originated by Ready Capital.
Audubon JV Acquires Atlanta Apartments
The 250-unit Class B community fetched a $25 million price tag, with Walker & Dunlop securing acquisition financing for the buyer.
Tampa Portfolio Changes Hands
Franklin Street arranged the sale of a two-property portfolio comprising 32 residential units, located approximately 9 miles from downtown Tampa.
Lion Real Estate Exits San Diego
Woodspear Properties paid more than $23 million for the 84-unit Class B community, while assuming the outstanding balance of a $15 million loan from the seller.
North Phoenix Community Commands $32M
The sale marked the submarket’s largest per-unit price over the past 12 months. The previous owner implemented a complete exterior renovation program, including upgrades to the amenity package.
TX Community Changes Hands
The 144-unit property was purchased by Transcontinental Realty Investors after the U.S. Housing of Urban Development granted approval for the expansion of Southern Properties Capital’s multifamily portfolio this summer.
MD Community to Receive $51M Financing
The non-recourse, fixed-rate first mortgage provides for the acquisition of Woodvale Apartments, a 376-unit mid-rise community located just north of Washington, D.C.