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CT Community Receives $20M Financing
CS Acquisitions Group recently acquired the 200-unit Cove West Hartford in a $20.9 deal and plans to renovate the property.
CBRE GIP, Madison International Purchase Spanish Portfolio
Valued at about $1 billion, the 6,458 rental units are located in Madrid and other major cities. Azora, the seller, will continue to manage the communities.
Hunt Real Estate Capital Arranges Refi for Vintage Chicago Asset
The new financing for the 1918-built community will be used to refinance its existing loan, while $1 million will be allocated to capital improvements.
JVM Realty Snags Suburban KC Asset
Acquired from The Milestone Group, the community is located 20 minutes from downtown Kansas City in Lee’s Summit, Mo. Renovations are planned for the property, JVM’s 10th in the metro.
Metro Omaha Development Lands HUD Financing
Graham Development’s 544-unit project in Papillion, Neb., is part of a planned community featuring a minor-league ballpark and a future 60-acre entertainment district. MidHudson LLC secured the federal funding.
Majestic Realty Enters Multifamily Market
The longtime developer’s first residential project is a 17-building, garden-style community in Southern California’s Inland Empire. Completion is scheduled for late 2019.
Bronx Apartment Portfolio Commands $53M
Completed in the 1920s and 1930s, the three communities acquired by Lightstone Group total 233 units.
On the Market: 5 Interesting Listings for the Week of 9/7
This week’s list includes one of the few lakefront properties available in Chicago; a high-end asset in Santa Barbara, Calif.; and more.
Greysteel Brokers Sale of Dallas-Area Property
The 154-unit community located in Irving, Texas, traded to a 1031 exchange buyer. The brokerage team worked on behalf of the seller in the deal.
HFF Completes $18M Sale of Metro Seattle Community
Watt Cos. acquired The James, a 144-unit community in Lakewood, Wash. The garden-style property offers a mix of studio, one-, two- and three-bedroom units across 14 buildings.