Market Rate

Brookline Multifamily Property Sells for $50.2 Million

A joint venture between Westbrook Partners and Nordblom Co. sold a multifamily property in Brookline, MA, in a $50.15 million transaction arranged by HFF.

Independence M-F Community Commands Year’s Top Per-Unit Price in $13.8M Deal

Another Cincinnati area apartment building has recently changed hands. On December 11, Marcus & Millichap announced the sale of the Independence Oaks Apartments, an apartment complex in Independence, Ky. Nicholas Andrews, Joel Dumes and Stan Falk, all of Marcus & Millichap’s Cincinnati office, represented both the buyer and the seller in the transaction.

S.L. Nusbaum Buys Virginia Beach Multifamily Asset for $24.7M

A Virginia Beach apartment community changed hands this month in a $24.7 million transaction. Harbor Group International sold the Bancroft Hall Apartments to S.L. Nusbaum.

Multifamily Developers Advance Plans for Nearly 500 Units

Two new projects took major strides this month. Together, they will bring almost 500 units to the Greater Cincinnati area.

Gaslight Buys 150-Unit M-F Community in Clifton

Gaslight Properties recently acquired an apartment community in Cincinnati’s Clifton neighborhood, near the city’s downtown. The local apartment rental company bought the The Overlook at Clifton from Providence, RI-based PBE Companies LLC.

Crescent’s $700M Multifamily Portfolio Sale Includes Three New Triangle Apartment Communities

Crescent Communities has announced plans to sell a portfolio of nine new apartment communities in North Carolina, Florida and Georgia, for a total of approximately $700 million.

BrookeChase Properties Plans Two Apartment Project for Downtown Matthews

The town of Matthews, NC could soon gain two new apartment communities in the downtown core.

Brookline Investment Group Acquires 236-Unit Multifamily Community in Durham for $23.6M; Investcorp Pays $84M for RTP’s Meridian Business Campus

Brookline Investment Group of Aliso Viejo, California is now the new owner of the newly renovated Yorktown Club apartment community in Durham.

Two Chinese Residential Projects Get $60M Investment from Century Bridge Capital

Century Bridge Capital is investing approximately $60 million in two separate joint ventures dealing with residential projects taking shape in the Chinese cities of Zhongshan and Wuxi.

Equus Capital Acquires Raleigh Multifamily Portfolio for $36M; State Denies Raleigh’s $38M Offer for Dorothea Dix Property

Equus Capital Partners, a private equity firm based in Philadelphia, has recently acquired three multifamily properties in Raleigh from a joint venture of Silver Companies and McCann Realty Partners.