Market Rate
Kushner Cos. Lands 1,032-Unit NJ Community
A joint venture between Angelo, Gordon & Co. and Candlebrook Properties sold the asset in Plainsboro, N.J. The buyer assumed the in-place debt on the property.
Avesta Communities Enters CO Market
The company plans to implement a renovation plan that includes improvements made to the common amenities and to the unit interiors.
HFO Investment Secures $58M OR Sale
Built in 2007, the community offers one-, two- and three-bedroom units. Latitude is in close proximity to various retail, dining and entertainment venues.
On the Market: 5 Interesting Listings for the Week of 9/18
This week’s listings include the recently completed rehabilitation of an historic 18-unit building in Jersey City, N.J., and a new townhouse asset in New Hampshire that comes with an adjacent lot available for future development.
Michaelson Acquires 520-Unit TN Community
Purchased for $48 million, The Metropolitan features one- and two-bedroom floorplans. The community has undergone a multi-million dollar renovation over the past few years.
Russo Development Begins Work On NJ Apartments
Once construction is complete, Vermella West will add 280 apartment units to the Northern New Jersey submarket. The property will comprise four residential buildings and more than 15,000 square feet of amenity spaces.
JV to Develop 236-Unit DC Community
Fort Lincoln New Town Corp., The Concordia Group and Buvermo Investments plan a Class A project that will include 36 affordable units.
HFF Arranges Sale of DE Apartment Community
The 301-unit apartment community known as Brandywine Hundred Apartments changed hands for an undisclosed price. The property is located near major thoroughfares and is 20 minutes away from the Philadelphia International Airport.
CRA, GTIS Acquire Denver Property
HFF’s Denver team represented the seller in the sale of the 256-unit asset. The garden-style property is situated in the heart of a retail corridor.
Greystone Brown Closes Sale of Atlanta Community
The team of Barden Brown, Chandler Brown and Cory Caroline Sams worked on behalf of seller Alexander Properties Group in the $49 million transaction.