Market Rate
Seattle-Area Community Sold for $173M
Los Angeles-based Decron Properties entered the Puget Sound market with the acquisition of Avana 522 in one of the largest transactions in the region this year.
StoneBridge Buys 346-Unit Durham Community
HFF assisted with the sale and also worked on the new owner’s behalf to secure a $28.9 million Freddie Mac loan for the acquisition. TH Real Estate sold the garden-style asset.
First Phase of Baltimore Development Opens
Once completed, the Center\West project will have 2,853 apartment units, 20 percent of which will be set aside for workforce housing.
Madison Realty Capital to Build Queens Mixed-Use Project
Plans call for 431 residential units along with a 476-seat elementary school and more than 5,000 square feet of retail in Queens’ Woodside section.
Oklahoma Apartments Change Hands
The transaction marks Timberland Partners’ third acquisition in the state, bringing the company’s national portfolio to more than 13,800 units.
Common, CityPads Break Ground on Chicago’s Largest Co-Living Home
Upon completion, Common Addams will include 223 beds and access to more than 5,000 square feet of shared amenity space, marking the partnership’s third project in the city.
Suburban Atlanta Asset Changes Hands
Domum Real Estate Partners traded the 175-unit community for more than $22 million, with the buyer financing the acquisition with a $15 million Freddie Mac loan.
29SC Expands Houston Presence With Value-Add Asset
The privately held firm plans to invest more than $2 million in capital improvements in the 17-building community located 23 miles northwest of downtown Houston.
On the Market: 5 Interesting Listings for the Week of 10/29
This week’s listings include a two-property portfolio in McAllen, Texas, a turnkey investment opportunity in Rhode Island, and more.
LMC Launches Leasing at FL Community
The Whitney, a 386-unit mixed-use property in Fort Lauderdale, offers trendy amenities such as coworking spaces and smart-home technology packages for select units.