Market Rate
Tempe Community Trades for $7M
ABI Multifamily has brokered the sale of the 56-unit Arizona asset. The transaction was subject to a $4.5 million, 10-year loan provided by Opus Bank.
Umbrella Properties Snags $53M Phoenix Community
CBRE Multifamily Institutional Properties represented the seller, PrivatePortfolio Group, in its disposition of the 328-unit Aldea at Estrella Falls in Goodyear, Ariz.
Freshwater Investments Nabs WA Asset
The property’s seven garden-style buildings, 20 miles from Seattle’s city center, contain a mix of one-, two- and three-bedroom apartments.
Advenir Acquires $97M South FL Community
Berkadia closed an $80 million Freddie Mac loan to fund both the acquisition and planned renovations of the 542-unit property.
NJ Community Lands $19M Fannie Mae Loan
AMS Acquisitions purchased the 85-unit Silk Lofts, an adaptive reuse of a former Maidenform factory in Bayonne, N.J.
IPA Secures $24M Refi for OC Community
The company arranged the refinancing for Castlewood Park, a 184-unit property in Buena Park, Calif. The debt placement was locked at below-market-rate interest.
Top 10 Boston Apartment Owners
Despite rising multifamily property prices, the city has been attracting attention from major investors due to its growing economy and population, as well as its relative affordability.
Starlight Acquires 250-Unit Atlanta-Area Community
Landmark at Coventry Pointe, 95 percent occupied at the time of the transaction, has multiple large employers nearby, including the Gwinnett County Public School System, Publix and Walmart.
JV Acquires $50M CO Community
Completed in 1998, the 220-unit Bluffs at Castle Rock offers a mix of one- to three-bedroom units and is located roughly 30 miles from downtown Denver.
Boise Mid-Rise Community Opens
The Fowler multifamily development broke ground in early 2016 and features 159 apartments over two street-level retail spaces.