Market Rate
CBRE Brokers $56M Denver Portfolio Sale
Laramar Group purchased The Rise, The Edge and The Vue in Cherry Creek. David Potarf, Dan Woodward and Matthew Barnett represented the seller, Granite Peak Properties.
Dallas-Area Community Changes Hands
The 68-unit community in Carrollton, Texas, has a mix of studio, one-, two- and three-bedroom units. The asset was recently renovated.
NXT Capital Provides Financing for Dallas Acquisition
The 252-unit multifamily community is three miles from downtown Dallas and has direct access to the Santa Fe Trail.
Passco Nabs NC Community for $57M
The Asheville Exchange acquisition marks the company’s first foray into the emerging Asheville, N.C. market.
ClearWorth Capital Snags Houston Community
HFF marketed The Edge at City Centre on behalf of the seller, 29th Street Capital, which invested around $2.6 million to rebrand, renovate and reposition the asset.
Atlanta-Area Community Changes Hands
Two Water Capital paid more than $22 million for the 242-unit multifamily property, financing the acquisition with a $16.6 million Fannie Mae loan.
FL Community Trades in $22M Off-Market Transaction
Berkadia worked on behalf of both parties involved the deal and Freddie Mac provided a $16.5 million, 12-year fixed-rate loan for the acquisition.
OH Portfolio with 456 Units Changes Hands
The transaction includes three communities located within the Westland submarket of Columbus. All properties have a 90 percent or above occupancy rate.
IMT Capital Nabs Nashville-Area Community
Bell Partners, which acquired the asset in 2013, traded the 214-unit property for more than $50 million. CBRE Capital Markets provided the buyer with acquisition financing.
Preferred Apartment Communities Sells Nashville Asset
A joint venture between Security Properties and Reinsurance Group of America picked up the suburban 364-unit community for $55 million.