Market Rate
Raskin Holdings Sells Nashville Apartments for $50M
Covenant Capital Group picked up the 57-building, 379-unit community, funding the purchase with a five-year, $35 million Freddie Mac loan.
TN Apartments Land $17M Refi
CBRE Capital Markets originated the Freddie Mac mortgage, which retires a prior fixed-rate CMBS loan of $10.6 million taken in 2012.
Nashville Community Changes Hands for $27M
NexPoint Residential Trust acquired the 210-unit suburban Class B garden-style property, financed by a 7-year, $17 million Freddie Mac loan.
Recently Completed Community Trades in Houston
American Landmark and Electra America have acquired Haven at Liberty Hills, a 246-unit community in the metro’s eastern area.
Greystone Provides $34M Fannie Mae Loan
A New Jersey company acquired the 143-unit community. Park Square West offers 29 affordable units for renters earning 50 percent of the area median income.
Geller Associates Sells in the DC Area
Greysteel represented the company in the disposition of Regency Court, a 115-unit property in Suitland, Md.
Wilkinson Grabs Atlanta Multifamily Portfolio
Marquis Investments traded the three Class B communities, which total 456 units in the city’s Brookhaven submarket, for $50 million.
American Landmark Continues NC Expansion
The company has acquired the 339-unit Sterling Town Center in Raleigh and the 312-unit Integra Springs at Kellswater in Charlotte. Both communities will undergo extensive renovations.
3rd Ave Investments Buys Phoenix-Area Asset for $22M
The 276-unit Casa Bellisima is located in Glendale, a submarket with limited inventory but more affordable rents than the urban core.
NJ Industrial Site to Transform into Mixed-Use Community
Atlantic Realty’s Ewing Town Center, located at the former General Motors facility in Ewing Township, will comprise 1,182 units and 110,000 square feet of retail and office space.