Market Rate
CAPREIT Sells 112-Unit Minneapolis Community
Built in 2005, the 112-unit Minneapolis Grand comprises two four-story buildings featuring a club room, a fitness center and 130 parking spaces.
IPA Completes Sale of FL Community
The community, located in St. Petersburg, changed hands for $37.5 million. The firm represented both parties in the transaction.
LA Community Trades for $9M
Matthews Real Estate Investment Services brokered the sale of a 56-unit Van Nuys community. The sale price equates to $272.8 per square foot.
JV Grabs Denver Community for $66M
Constructed in 1977, the 418-unit multifamily property in the city’s Arapahoe-Southwest submarket features a mix of studio, one- and two-bedroom apartments.
Northern FL Community Changes Hands
The 48-unit Tallahassee asset is located in the Providence neighborhood, half a mile from the city’s Innovation Park, and last traded more than a decade ago.
CIM Grabs NorCal Development Site
The firm, in a joint venture with Strada, plans to build a 16-story community containing nearly 300 units in Oakland’s central business district.
PA Community Receives $9M Freddie Mac Loan
The borrower used the current loan to pay off debt service and prepayment penalty, while also recovering trapped equity, which will be reinvested into the apartment community.
Keener Investments Buys Houston-Area Community
Situated within the Kingwood master-planned community, Elm Grove Apartments is two-story property comprising a total of 122,300 rentable square feet.
EDEN, Cypress Equity to Develop Ft. Lauderdale Tower
Developed on a former parking lot, the 32-story NEXT Las Olas will comprise 374 units, as well as ground-floor retail space and an adjacent parking garage.
Wood Partners Begins Construction of Portland Asset
The Oregon development, which will include 138 apartments above 6,000 square feet of street retail space, is situated just outside the city’s downtown area.