Market Rate
Prana Investments Buys 3 in LA for $18M
The portfolio acquisition is a value-add transaction, with the firm planning to invest in renovations at the communities.
Perseus, Four Points Begin Construction on VA Mixed-Use
The vacant government office building at 200 Stovall St. in Alexandria will feature 520 apartments and 25,000 square feet of ground-level retail upon completion in 2019.
AZ Asset Trades for $20M
Completed in 1990, the 312-unit Rio Santa Fe Apartments is the second-largest community in Yuma and is located within easy reach of several retail and dining options.
Marcus & Millichap Brokers Sale of FL Community
The firm arranged the sale of the 44-unit Golf Meadow in Fort Myers, Fla. on behalf of the seller, a private investor.
Marcus & Millichap Arranges 4-Property Portfolio Sale
The Orange County portfolio, which includes a total of 214 units in Santa Ana, traded to an affiliate of Empire USA for $42.5 million.
Atlantic | Pacific Expands in Atlanta With $36M Buy
The company used its Blue Atlantic Partners II investment fund to acquire the 240-unit asset, and it plans to renovate the property.
American Landmark Snags 1st Ft. Lauderdale Community
The firm plans on rebranding the 2002-built Sheridan Lake Club as Beach Walk at Sheridan and investing $4.2 million in property improvements.
ABI Brokers $8M Sale of Lender REO Asset in Phoenix
The buyer plans to invest $1 million in interior and exterior upgrades to improve the property, which is situated across the street from the 19th Avenue/Glendale light rail station.
WWC Continues Phoenix Divestment Streak
The Canadian company acquired the asset in 2016. ROI from the current transaction is projected at approximately 18 percent over the 20-month term.
FLF Holdings Buys FL Asset for $111M
The firm has received $76 million in financing for the acquisition of a 900-unit property in Bradenton. The 10-year, fixed-rate loan was secured through Freddie Mac’s CME program.