Market Rate
CBRE Facilitates Sale of Denver Communities
Dan Woodward, David Potarf, Matthew Barnett and Jake Young represented the seller and owner of both properties, The Croft and The Oslo.
SoCal Apartments Trade for Nearly $50M
The seller, StarPoint Properties, acquired the 232-unit Class B community in the Inland Empire for approximately $15 million in late 2001.
Trinity Refinances 7 San Francisco Assets
The new loan of more than $200 million retires existing debt from the same lender on the 736-unit Class B portfolio.
ARA Newmark Arranges Sale of Tampa Community
Vice Chairman Patrick Dufour and Director Ryan Crowley represented seller Pollack Shores and equity partner HQ Capital Real Estate in the transaction. NKF Capital Markets arranged the acquisition financing through Natixis.
Raleigh Community Trades for $24M
Hawthorne Residential Partners sold the 184-unit asset two years after it acquired it for $15.5 million from Heritage Capital Group.
IPA to Market $21M CA Community
The firm will handle the sale of Villa Capri in Escondido, which includes 98 units and is currently 98 percent occupied.
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.