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Trinity Property Acquires $19M FL Community
Franklin Street’s Capital Advisors division arranged a 10-year Freddie Mac acquisition loan on behalf of the buyer, to purchase the 156-unit Villages at Laurel Meadows in Bartow.
Universe Holdings, Hanover Financial Buy $100M CA Community
The companies purchased Capes at Ventura, a 400-unit asset in Ventura, and plan on investing $6.5 million in upgrades.
Terra Properties Nabs St. Louis-Area Community
The firm financed the acquisition of the 128-unit market-rate asset with a $510,000 Fannie Mae loan originated by Dougherty Mortgage.
Greysteel Arranges $37M Multifamily Asset Sale
President & CEO Ari Firoozabadi and Senior Investment Associate Ari Azarbarzin represented the seller of the 417-unit Maryland property. The new owner plans to upgrade the 1964-built asset.
Audubon Completes Renovations of 2 GA Assets
The multifamily communities, located in the northeast Atlanta suburb of Decatur, total 332 units and are 96 percent leased.
Interurban Trades NC Community for $13M
The 144-unit multifamily property is located in a western suburb of Charlotte and contains a mix of one-, two- and three-bedroom apartments.
St. Paul Community Attracts High Investor Competition
Marcus & Millichap arranged the sale of Priscilla Street Villas, an 11-unit apartment building in Saint Paul, Minn. The property was sold for an amount above the asking price.
Timberland Breaks Ground on MN Asset
The 222-unit Elevate at SouthWest Station Apartments, located in the Twin Cities suburbs, is scheduled for completion by August 2019.
Mazis Family Trust Buys 19-Unit San Diego Community
Located at 4560 Florida St., in the University Heights neighborhood, the 1970-built property features a mix of 13 two-bedroom and six one-bedroom units.
Positive Investments Buys CA Community
Keller Williams Commercial Studio City represented the company in its purchase of the 10-building, 86-unit property, located in Compton.