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Prudent Growth Partners Grows NC Portfolio
The company is steadily growing its investor network by targeting garden-style communities between 100 and 300 units. The current deal brings its North Carolina portfolio to eight properties.
Fifield, Terraco Break Ground in Chicago
Dubbed Logan’s Crossing, the building in Logan Square will feature 220 units and a 27,000-square-foot Target store, in addition to other commercial tenants on the ground floor. The residential component is slated to open in November 2019.
NorthMarq Multifamily Brokers 120-Unit NM Sale
The community represents the buyer’s first acquisition in Albuquerque. The 10-building asset traded for $7.5 million, with Berkadia arranging the Freddie Mac acquisition financing.
Related, Rockpoint to Launch $2B Value-Add Program
The partnership will concentrate primarily on the Florida market but will also search for opportunities within other successful metros, including Atlanta, Phoenix and Dallas.
Franklin Street Facilitates $2M Miami Sale
Oscar Banegas, Kameron Djamal and Dan Dratch represented the seller in this transaction. Director of Capital Advisors Tony Gannacone secured financing for Sabal Capital Royal Palms Apartments.
Marcus & Millichap Brokers San Diego-Area Buy
Chris Zorbas, senior managing director with Marcus & Millichap, represented the seller in this deal, while ACI Principal Terry More worked on behalf of Paolo & Elisa, the buyer.
ACI Arranges Sale of Small San Diego Community
Principal Terry Moore represented the buyer, while South Coast Commercial Vice President Ben Vogelsang worked on behalf of the seller in this $1.6 million deal.
Praedium Group Snags Houston Community
Discovery at Mandolin comprises 260 units and access to a dog park, a fitness center and a cybercafe. The property is set to undergo capital improvements.
South FL Value-Add Property Sells for $44M
ARA Newmark’s Vice Chairmen Avery Klann and Hampton Beebe, together with Director Jonathan Senn, worked on behalf of the seller in the transaction.
HFF Secures Construction Loan for OR Mixed-Use Asset
Guardian Real Estate Services’ Milwaukie development will include 110 units, 7,500 square feet of retail space and 78 parking spaces.