Market Rate
Panama City-Area Community Lands $5M Refi
Arbor Realty Trust provided the CMBS loan for the property, which is located at 905 W. 26th St., and features 76,417 rentable square feet.
Berkeley Point Capital Provides $59M Fannie Mae Refi
Led by Mitch Clarfield and Joshua Braceros of the firm’s Santa Monica office, the team coordinated debt placement for Autumn Park Apartments, a 586-unit community in Charlotte, N.C.
Tucson Value-Add Asset Changes Hands
Skyline Park Apartments is situated in a market which is experiencing a surge of value-add investments, largely due to limited new supply and continued population growth.
Greystar Sells South Florida Portfolio
The four-property portfolio includes 1,616 units and approximately 16.6 million rentable square feet. Greystar acquired the it for roughly $240 million, according to Yardi Matrix.
Wood Partners Opens LA Community
The 280-unit Fifty Five Fifty broke ground in late 2015, and the property offers a mix of affordable and market-rate apartments.
On the Market: 5 Interesting Listings for the Week of 4/16
This week’s listings include a new community in West Seattle, duplexes in Denton, Texas, and 188 units in Phoenix’s busy Camelback corridor.
Waypoint Buys NC Apartments
The company acquired the 214-unit Capital Creek at Heritage, located in Raleigh’s submarket Wake Forest, from TWO Capital Partners for $36.4 million.
TMG Arranges Sale of CA Community
United Development Group traded Casa Del Sol Apartments, a 205-unit community in Bakersfield, to a San Fernando Valley-based private investor.
Prism Picks Up KC Community
The property consists of 54 three-bedroom townhome units, each containing an attached garage and more than 1,500 square feet of living space.
HFF Secures $34M Loan for Denver Asset
Managing Director Josh Simon and Director Kristian Lichtenfels worked on behalf of the borrower to arrange the seven-year loan secured through Freddie Mac’s CME program.