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Cortland Partners Enters Nashville With $70M Acquisition
The company purchased a newly built, 322-unit community on the southwestern side of the city, located off of Interstate 40.
Pinnacle, Ascend to Break Ground on Miami Community
Construction will soon be underway at Oasis at Blue Lagoon, a 272-unit Class A property near MIami International Airport. Completion is scheduled for 2019.
BPDA Approves 3 Small Boston Communities
The developments are part of a larger set of projects which passed at BPDA’s December meeting. Together, they are expected to bring online 97 units and more than 8,000 square feet of retail space.
JV Snags 28-Property Portfolio in Sunbelt Region
Acting on behalf of Carroll Multifamily Real Estate Fund V, Carroll Organization and PGIM Real Estate purchased the assets from affiliates of Lone Star Funds.
Baton Rouge Property Lands $24M Refi
Greystone has secured a HUD-insured permanent loan to refinance Highland Club Apartments. The owner, Ed Kramer, plans to renovate the property.
Presidium, Partners Group Close $210M Recap
The two companies signed a $210 million recapitalization deal for a portfolio comprising eight assets, one of which is under construction.
IPA Arranges Sale of CT Mixed-Use Asset
Senior Managing Director Victor Nolletti worked together with First Vice President Eric Pentore in representing the seller, College Square, and procuring the buyer, Centurion Overseas.
Matthews Arranges Sale of CA Community
The company represented the seller in the $7.8 million sale. The two-story community is approximately 20 miles from the Los Angeles International Airport.
MG Properties Acquires 2 WA Assets for $133M
The company purchased Beaumont in Woodinville from Guardian Life Insurance Co. and Newberry Square in Lynwood from Fairfield Residential. Totaling 467 units, both communities will undergo interior and exterior renovations.
Starwood Capital Sells 432-Unit Orlando Community
CBRE arranged the sale of Winter Park Commons, a 428,432-square-foot property featuring three swimming pools and 850 covered parking spots.