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Cushman & Wakefield Facilitates Houston Portfolio Sale
Justin Shuart and Jason Pumpelly, from the company’s equity, debt and structured finance team in Dallas, arranged the deal involving more than 2,100 units on behalf of Nicholas Residential.
HFF Arranges $41M San Francisco-Area Portfolio Sale
The properties include Atherton, Brewster Ames, Tivoli Gardens and Lancaster Arms, totaling 201 units. At the time of the sale, the communities averaged a 97 percent occupancy.
Tower 16 Acquires 4th Las Vegas Property for $30M
Along with its joint venture partner, Henley USA, the firm will invest $4 million to upgrade the community. Pinnacle will handle property management services.
Waypoint Residential Acquires 512-Unit FL Portfolio
The two communities, Riverside Apartments in metro Tampa and Harbor Cove Apartments in Gainesville, are both located within close proximity to major universities.
MassHousing Provides $24M Loan for Boston-Area Asset
The agency closed on the tax-exempt financing for a recently built 108-unit mixed-income community in Chelmsford. The transaction involved the use of recycled private activity volume cap.
MN Apartments Change Hands in $95M Deal
MLG Capital and SAS sold a 698-unit community in suburban Minneapolis, three years after acquiring the property for $41 million.
JV Acquires Dallas Communities
HFF arranged the joint venture equity deal between Archway Equities LLC and Atlantic Creek Real Estate Partners LLC for the purchase of the properties totaling 712 units.
Presidium Launches Major Mixed-Use District in Austin
The garden-style community is the first of Pecan District’s 10 phases. The 45-acre development is anticipated to be fully complete in 2028.
Allen Morris, Ustler Development Secure $66M for Orlando Project
SunTrust and Santander Bank provided the financing for Creative Village Parcel M Apartments, a 409-unit community that will cater to students attending the new University of Central Florida Downtown.
Magnolia Sells Raleigh Community After Short Hold
HFF marketed Stonehenge Apartments on behalf of the seller, which purchased the property last year for $56.7 million.