Market Rate
TruAmerica Still Bullish on Value-Add Buys
Robert Hart talks about how to overcome challenges in hot West Coast markets and reveals why opportunity zones are not yet a target for the multifamily investment firm.
JV Acquires Las Vegas Community for $50M
Tower 16 Capital Partners and Henley USA purchased a 540-unit multifamily project that Tower 16 will spend $7 million to upgrade.
Inland Empire Builders Sells Phoenix Asset for $52M
Capital Foresight is the new owner of Avante Apartment Homes, a 428-unit community located near the city’s downtown area.
Passco Lands $31M Loan for MS Community
KeyBank originated a Fannie Mae first mortgage loan for the acquisition of The District Lofts in Jackson, Miss. The loan is fixed-rate with a 10-year term and a five-year interest-only period.
In Case You Missed It: MHN’s Top 5 Posts in September
Miss out on any of our articles? Catch up with five of our most popular posts for the month.
Lantower Residential Acquires Austin Apartments
Edgewater is located in the city’s tech hub and includes 328 units, a dog spa, two pools and a recreational pond.
Pollack Shores Snags GA Community
The firm purchased AMLI Northwinds in Alpharetta, which will be renamed and undergo a $13 million renovation plan to upgrade unit interiors and amenity spaces.
On the Market: 5 Interesting Listings for the Week of 9/24
This week’s listings include a value-add opportunity in the growing Glendale area of Queens, N.Y.; a well-positioned Connecticut portfolio; and more.
CBRE Arranges Sale of OR Community
Phil Oester, Joe Nydahl and Josh McDonald brokered the sale of the asset, representing the seller, Marathon Management.
CWS Community in Duluth, GA, Trades for $52M
The seller, CWS Capital Partners, acquired the 323-unit Class A property in Atlanta’s northeast suburbs from Paces Properties in 2013 for $12.2 million.