Market Rate
Suburban Phoenix Community Receives $17M
HFF represented the partnership between Western Wealth Capital and an MDC Realty Advisors USA Inc.-managed fund. CIT Bank provided the five-year loan.
Essex Realty Group Brokers IN Community Sale
Mayfield Apartments, a 52-unit, garden-style community near Valparaiso University in Porter County, changed hands for $2.7 million.
Maxus Realty Trades AR Community
The buyer funded the acquisition of the 88-unit market-rate property with a $3.8 million Fannie Mae loan secured by Dougherty Mortgage.
Titan Real Estate Sells Suburban Atlanta Apartments
This is the second multifamily sale completed by Titan this week to have been previously owned by Ares Management.
Cushman & Wakefield Arranges $78.3M Portfolio Sale
Blue Rock Partners bought communities in Alabama, Georgia and Mississippi from Varden Capital Partners.
On the Market: 5 Interesting Listings for the Week of 6/4
This week’s listings include an upscale community six miles from the Las Vegas Strip, a privately owned property in Phoenix’s growing South Mountain Village area, and more.
Historic Brewery Gets New Life in Memphis
The 1870s-vintage property redeveloped by 459 TN Partners will feature more than 270 units, as well as a mix of office and retail space.
FCP Sells Suburban DC Community for $25M
Built in 1968, River Pointe features 170 units and is situated roughly 14 miles south of Washington, D.C. The former owner purchased the property in 2011, as a value-add investment.
Radco Acquires 1,400 Units in Suburban Indianapolis
A major private capital player, the company financed the acquisition using its private capital platform, as well as debt furnished by BBVA Compass.
San Diego-Area Community Trades for $14M
Curtis Properties sold the 62-unit, garden-style asset, which is situated east of central San Diego and dates back to 1974.