Market Rate
TCI Breaks Ground on TX Development
Situated within the 1,200-acre Mercer Crossing project in Farmers Branch, the 256-unit property is scheduled for completion by first quarter 2020.
Emma Capital Expands in Indianapolis
The Hunt Club Apartments and Brandywine Apartments, totaling 496 units, bring the Toronto-based investor’s multifamily holdings in the U.S. to some 9,000 units.
SVN Brokers Sale of Dallas 171-Unit Community
The property, completed in 1974, was recently renovated, with the previous owner investing nearly $1.5 million in a capital improvements program.
Hamilton Zanze Trades ABQ Community
Thayer Manca Residential acquired the 264-unit Class B community, with Zions Bank providing more than $25 million in acquisition financing.
Hudson Capital Properties Pays $55M for NC Community
Located in Cary, N.C., the 302-unit property will undergo extensive capital improvements across all units. The seller was White Oak Partners.
HFO Investment Real Estate Brokers Portland Communities
MG Properties Group paid $60.5 million for Westview Heights, a 197-unit asset located in the city’s Bethany neighborhood. The 172-unit Binford Garden Townhomes commanded $30.8 million.
Housing Stock Lags Demand
Freddie Mac has released a report revealing that the short supply of new single-family homes could impact the multifamily market in years to come.
Berkadia Brokers $48.5M Sale in West Palm Beach
The company has arranged both the sale and financing of Viera of the Palm Beaches, a 300-unit garden-style community.
TA Realty Pays $138M for Orange County Asset
Seacrest is one of only four properties with more than 100 units in San Clemente, Calif. The asset changed hands with help from CBRE.
South OC Community Trades for $93M
TH Real Estate is the new owner of Avana San Clemente, a 250-unit property. The 17-building asset last traded three years ago.