Market Rate
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.
JV Buys 198-Unit MD Asset
Spirit Investment Partners and The Bascom Group acquired Tribeca at Camp Spring, located in the Washington, D.C., metro area.
AndMark Increases AR Footprint
Trinity Multifamily will handle management of the company’s latest acquisitions, three apartment communities totaling more than 200 units across the state.
CBRE Arranges $57M Financing for 837-Unit Portfolio
Bill Chiles, Scott Peterson and Brian Cruz of CBRE’s San Diego office worked on behalf of Strata Equity Group, which purchased three properties in North Carolina, South Carolina and Kentucky.
MIG Real Estate Buys Phoenix Community for $22M
Western Wealth Capital’s investors obtained an annualized return of more than 30 percent for the 216-unit Trails at Harris. The transaction represents the Canadian company’s 11th successful divestment to date.
HPI Sells Portfolio for $278M
The properties comprise 2,954 units across 11 communities in five states. A private investor purchased two of the Atlanta assets and a publicly traded REIT acquired the other nine properties.