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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.
Carter Multifamily Increases Jacksonville Footprint
The new owner paid more than $23 million for the 262-unit Class B community and plans to invest in capital improvements to reposition the property.
Berkshire Property Holdings Adds GA, Texas Assets
The investment firm acquired two multifamily communities totaling a combined 631 units in College Park, Ga., and El Paso, Texas.
Rittenhouse Arranges Sale of PA Apartments
The boutique residential building was acquired by a local long-term holder that plans to renovate the property.
Phoenix Property Changes Hands in $33M Deal
NorthMarq represented the seller in the disposition of the 308-unit Breckenridge Apartments, as well as facilitated financing for the buyer, 3rd Ave Investments.
Boardwalk Properties Buys FL Community for $119M
The 394-unit asset will be renamed THE AVENUE, offering amenities such as two swimming pools, a three-level clubhouse and a yoga studio.