Market Rate
Greystar Brings European Platform to France
The company will open a Paris office, led by Directeur Général for France Hideki Kurata. His team will focus on building a portfolio to include both student and multifamily properties.
On the Market: 5 Interesting Listings for the Week of 9/17
This week’s roundup includes a luxury high-rise in the heart of Miami, a student housing opportunity in Baltimore and an adaptive-reuse property in the Richmond area, among others.
CapitaLand Acquires $835M Portfolio
The properties include 16 communities located within the metropolitan areas of Seattle; Portland, Ore.; Los Angeles; and Denver. This marks the firm’s entrance into the U.S. multifamily market.
American Landmark Snags Houston-Area Community
Hilltop Apartments is a 208-unit garden-style community located in the rapidly growing Texas city of Conroe, roughly 40 miles north of downtown Houston.
PMG Miami Community Lands $106M Refi
The 464-unit property, which offers apartments as well as bedrooms for rent, started construction in mid-2016 and recently opened its doors.
Morgan Properties Buys DC-Area Community for $62M
HFF brokered the sale of the 308-unit community, which is located inside the Capital Beltway and within a 10-mile drive of downtown D.C.
Kiser Group Reps Buyer of Chicago Multifamily Portfolio
The two properties are located in Evanston and used to belong to Stephen Matic. Danny Mantis and Lee Kiser represented the buyer in the $17 million deal.
Oak Residential Expands Atlanta Footprint
The purchase of The Celebration at Sandy Springs marks the firm’s sixth investment in the market. NorthMarq Capital arranged $23.5 million of acquisition financing on behalf of the buyer.
Riverside Community Gets New Management
UBS Realty Investors, the owner of the 2005-built, 256-unit Inland Empire asset, selected Alliance Residential Co. to oversee property operations.
KC Portfolio Scores Acquisition Loan
The two market-rate communities located west of Kansas City add up to 132 units and last traded roughly 15 years ago.