Market Rate
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.
Dalan, VM Management Buy 138-Unit Phoenix Asset
The previous owner acquired the property in 2015 for $10.7 million and renovated it extensively before placing it back on the market.
Greystone Provides $22M Loan for Dallas-Area Community
The company was able to offer an exit strategy for a long-term HUD financing solution, in addition to the conventional loan.
Downtown San Jose Community Sells for $13M
Levin Johnston has brokered the sale of First Street Manor, a property located in downtown San Jose, within two miles of the city’s future Google Village.
Alpha Wave Goes Shopping in Vegas
The company acquired Cypress Springs Apartments, located where new supply is somewhat limited compared to the metro’s other areas. The firm will invest approximately $1.7 million in capital improvements.