Market Rate
Sunroad Enterprises Nabs 320-Unit Vegas Asset
Prime Group sold Avery Park in a deal facilitated by HFF. The new owner is set to renovate the property’s common areas and unit interiors over the next two years.
On the Market: 5 Interesting Listings for the Week of 1/15
This week’s listings include a 56-unit, mixed-use building with a self-storage component and a community in Miami Beach overlooking Biscayne Bay.
North CO Community Changes Hands for $15M
The 108-unit property includes amenities such as a heated pool, a clubhouse with a business center and a fitness center.
Kiser Group Brokers Chicago Community Deal
The firm’s Principal & Managing Broker Lee Kiser together with Broker Associate Rick Ofman represented the seller in the $3.6 million transaction.
CapStack Increases Nashville Footprint
The firm teamed up with MACC Venture Partners to acquire three garden apartment communities totaling nearly 500 units across the city.
Orion Acquires Austin Community
CBRE arranged a 10-year fixed rate loan through the Fannie Mae Green Financing program for the acquisition of the 199-unit property.
Phase 2 of CO Community Lands $14M Financing
Hampton Partners’ Outlook Ridge II in Pueblo, Colo., will add a five-building, market-rate community to the existing 92-unit luxury development.
Philly Community Aimed at Millennials Lands Financing
Located in a walkable neighborhood and close to art galleries and event venues, the project is slated to include a 5,500-square-foot commercial component.
Marcus & Millichap Arranges Sale of 158 units of Park Village
The community, located in Largo, Fla., consists of 160 units, 158 of which traded for $20 million, or $130,000 per unit. The firm represented both the buyer and seller.
Warm Springs Management Acquires Denver-Area Community
The 58-unit garden community traded for $10.8 million. The new owner financed the acquisition using a Freddie Mac conventional loan.