Market Rate
Marcus & Millichap Brokers Sale of FL Property
Fifth Avenue Courtyard is a 21-unit value-add community located in St. Petersburg. The buyer plans to upgrade the unit interiors.
Cresta Properties Lands Refi for Dallas Community
The 144-unit property, constructed in 1963, offers a range of studios, one- and two-bedroom units in the city’s West Vickery Park submarket.
Palo Alto Community Changes Hands
Levin Johnston has brokered the sale of the property on behalf of the seller, an international owner and represented the buyer, a local investor.
Continental Properties Debuts Louisana Apartments
The Springs at Country Club in Lake Charles includes 252 units and a leash-free pet playground, a clubhouse and a coffee bar.
SR Apartments Sells Orlando Asset for $17M
CaSienna Apartments was built between 1972 and 1973 and includes 160 units. Franklin Street arranged the transaction.
Trion Properties Acquires 3 OR Communities
The properties in the transaction include Center Square, Menlo Square and Maple Tree, totaling 174 units. Trion plans to complete strategic value-add upgrades at the communities.
Hunt Mortgage Arranges 2 Seattle-Area Freddie Mac Refis
Cedar Gardens Apartments in Federal Way includes 49 units, while Birch Crest Apartments in Tukwila comprises 37 apartments. Both borrowers were local real estate owners.
Castle Lanterra Buys 4th CO Community
The Ranch at Bear Creek in Lakewood, 20 minutes from downtown Denver, features 201 units. Amenities include an updated clubhouse, two swimming pools and a fitness center.
Drucker + Falk Manages $1M Renovation in Newport News, VA
Already finished renovations include a new clubhouse, overhauled swimming pool and new features to the outdoor areas. In-unit upgrades are currently underway.
IPA Facilitates $65M Phoenix-Area Transaction
Eaton Vance Investment Managers purchased the 303-unit Chandler property, which includes a volleyball court, two swimming pools and 458 parking spaces.